SCS Capital Management LLC Sells 5,141 Shares of RTX Corporation $RTX

SCS Capital Management LLC lowered its stake in shares of RTX Corporation (NYSE:RTX) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 185,612 shares of the company’s stock after selling 5,141 shares during the period. SCS Capital Management LLC’s holdings in RTX were worth $34,041,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Navalign LLC bought a new position in shares of RTX in the 4th quarter worth approximately $25,000. BNP Paribas bought a new position in shares of RTX in the 3rd quarter worth approximately $25,000. Core Wealth Advisors LLC bought a new position in shares of RTX in the 4th quarter worth approximately $31,000. Wexford Capital LP bought a new position in shares of RTX in the 3rd quarter worth approximately $33,000. Finally, Dogwood Wealth Management LLC lifted its stake in shares of RTX by 57.3% in the 3rd 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. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.3%

Shares of RTX stock opened at $179.16 on Monday. The company has a market capitalization of $241.27 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.55 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The company has a fifty day moving average of $186.04 and a 200 day moving average of $188.81. RTX Corporation has a fifty-two week low of $131.90 and a fifty-two week high of $214.50.

RTX (NYSE:RTX) last issued its earnings results 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. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. RTX’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. 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 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is 54.78%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RTX shares. Jefferies Financial Group lowered their price objective on shares of RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Wolfe Research restated an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, UBS Group decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $210.75.

RTX Company 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.