Connecticut Wealth Management LLC Trims Holdings in RTX Corporation $RTX

Connecticut Wealth Management LLC lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 23.1% during the fourth quarter, Holdings Channel reports. The firm owned 160,360 shares of the company’s stock after selling 48,130 shares during the quarter. RTX makes up about 1.3% of Connecticut Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Connecticut Wealth Management LLC’s holdings in RTX were worth $29,410,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Alpha Cubed Investments LLC increased its position in shares of RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares during the period. LeConte Wealth Management LLC increased its position in shares of RTX by 2.3% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after acquiring an additional 51 shares during the period. Rydar Equities Inc. increased its position in shares of RTX by 0.4% during the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after acquiring an additional 52 shares during the period. Schulhoff & Co. Inc. increased its position in shares of RTX by 1.7% during the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after acquiring an additional 52 shares during the period. Finally, Howard Capital Management Inc. increased its position in shares of RTX by 0.4% during the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace, an RTX business, completed a $63 million expansion of its Malaysia maintenance, repair and overhaul hub, which should boost RTX’s Asia-Pacific service capacity and cash-flow potential as airline fleets grow. RTX’s Collins Aerospace expands Malaysia MRO hub with $63M investment
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 EPS estimates for RTX, signaling slightly better profit expectations even though the stock remains rated Hold.
• Positive Sentiment: Recent coverage around RTX’s aerospace service expansion and the Malaysia MRO buildout reinforces the case that demand for aftermarket maintenance services remains strong. RTX Malaysia MRO Expansion Adds Asia Pacific Cash Flow Potential
• Neutral Sentiment: RTX was listed among the stocks attracting heavy attention on Zacks, but that article did not add new operational or financial news by itself. RTX Corporation (RTX) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Several search and technology articles mentioning “RTX” were about Nvidia RTX graphics products, not RTX Corporation, so they are unlikely to affect the stock.

RTX Stock Performance

Shares of RTX stock opened at $184.15 on Friday. The firm has a market cap of $247.98 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 2.51 and a beta of 0.31. The company’s 50 day moving average is $183.23 and its 200 day moving average is $189.03. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a 52-week low of $140.13 and a 52-week high of $214.50.

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

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 22nd. 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%. RTX’s dividend payout ratio is 54.78%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price on shares of RTX in a research report on Thursday, March 5th. UBS Group reduced their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Finally, Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Profile

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.