Allspring Global Investments Holdings LLC Lowers Stock Holdings in RTX Corporation $RTX

Allspring Global Investments Holdings LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,740 shares of the company's stock after selling 42,466 shares during the period. Allspring Global Investments Holdings LLC's holdings in RTX were worth $91,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in RTX. Navalign LLC purchased a new stake in shares of RTX during the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new stake in RTX during the 4th quarter worth $31,000. 1 North Wealth Services LLC grew its holdings in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock worth $31,000 after buying an additional 137 shares in the last quarter. Finally, Evergreen Advisors LLC acquired a new stake in shares of RTX in the first quarter valued at about $31,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of NYSE RTX opened at $193.66 on Friday. The stock's 50-day simple moving average is $184.63 and its 200-day simple moving average is $191.62. The firm has a market capitalization of $260.80 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.66 and a beta of 0.30. RTX Corporation has a fifty-two week low of $143.56 and a fifty-two 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 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%. The firm's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.92 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX's dividend payout ratio (DPR) is presently 54.78%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Dbs Bank upgraded RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. Morgan Stanley reduced their price target on RTX from $235.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, April 22nd. Citigroup reaffirmed a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. Wall Street Zen lowered shares of RTX from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 26th. Finally, Melius Research raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $211.38.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit is expanding its footprint in fighter aircraft programs by supplying advanced avionics, sensors, electronic warfare systems and precision weapons, reinforcing its role in key U.S. defense platforms. Article Title
• Positive Sentiment: RTX’s Pratt & Whitney unit is advancing AI-enabled engine inspection capabilities through a deal with Aiir Innovations, which could improve maintenance efficiency and support higher-margin aftermarket services. Article Title
• Positive Sentiment: Investors are also looking ahead to RTX’s upcoming earnings report, with Wall Street expecting earnings growth and the possibility of another beat, which can support sentiment into the print. Article Title
• Neutral Sentiment: Recent reports about NVIDIA’s GeForce RTX gaming GPUs, including launch delays, hotspot temperature issues and SEGA collaborations, do not appear to be material drivers for RTX Corporation’s stock and are likely to be a naming coincidence.

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.

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