Welch & Forbes LLC Has $206 Million Holdings in RTX Corporation $RTX

Welch & Forbes LLC trimmed its stake in shares of RTX Corporation (NYSE:RTX) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,123,240 shares of the company’s stock after selling 18,276 shares during the quarter. RTX accounts for about 2.5% of Welch & Forbes LLC’s holdings, making the stock its 8th largest holding. Welch & Forbes LLC’s holdings in RTX were worth $206,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. BNP Paribas bought a new position in RTX during the third quarter worth $25,000. Navalign LLC bought a new position in RTX during the fourth quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in RTX during the third quarter worth $30,000. Wexford Capital LP bought a new position in RTX during the third quarter worth $33,000. Finally, Dogwood Wealth Management LLC boosted its position in RTX by 57.3% during the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.1%

Shares of RTX stock opened at $179.16 on Friday. The firm has a 50-day moving average of $186.04 and a 200-day moving average of $188.74. The stock has a market cap of $241.27 billion, a PE ratio of 33.61, a PEG ratio of 2.55 and a beta of 0.31. RTX Corporation has a 52-week low of $131.90 and a 52-week high of $214.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. RTX’s revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a dividend of $0.73 per share. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio (DPR) is currently 54.78%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RTX shares. Jefferies Financial Group reduced their target price on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. UBS Group reduced their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley reduced their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.75.

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.