Hemenway Trust Co LLC Cuts Holdings in RTX Corporation $RTX

Key Points

• Hemenway Trust Co LLC trimmed its stake in RTX by 4.3%, selling 10,104 shares to hold 224,612 shares valued at about $41.19M (roughly 3.2% of the fund and its 11th largest holding).
• RTX beat Q1 estimates with $1.78 EPS and $22.08B in revenue and issued FY2026 guidance of 6.600–6.800 EPS (sell‑side consensus ~6.91), indicating continued earnings momentum.
• The company raised its quarterly dividend to $0.73 (annual $2.92, ~1.7% yield) and is supported by strong defense order flow and backlog (a reported $4.01B Patriot order), though supply‑chain and cost pressures could limit near‑term upside.

Hemenway Trust Co LLC trimmed its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 224,612 shares of the company's stock after selling 10,104 shares during the period. RTX makes up about 3.2% of Hemenway Trust Co LLC's investment portfolio, making the stock its 11th largest holding. Hemenway Trust Co LLC's holdings in RTX were worth $41,194,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. BNP Paribas purchased a new position in shares of RTX in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new position in shares of RTX in the 3rd quarter worth $30,000. Wexford Capital LP purchased a new position in shares of RTX in the 3rd quarter worth $33,000. Dogwood Wealth Management LLC boosted 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 buying an additional 75 shares during the last quarter. Finally, Imprint Wealth LLC purchased a new position in shares of RTX in the 3rd quarter worth $35,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE RTX opened at $172.85 on Wednesday. The company has a market capitalization of $232.77 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.45 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 business's fifty day moving average is $196.01 and its 200 day moving average is $188.46. RTX Corporation has a fifty-two week low of $126.03 and a fifty-two week high of $214.50.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share 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 the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The business also recently announced 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 represents a $2.92 annualized dividend and a yield of 1.7%. This is a boost from RTX's previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. RTX's dividend payout ratio (DPR) is presently 51.03%.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Geopolitical and policy actions (Project Freedom + $8.6B arms sale) are routing new, explicit demand to major defense contractors; MarketBeat highlights RTX as a primary beneficiary with a reported $4.01B Patriot order and a large backlog that underpins revenue visibility. The Hormuz Defense Hedge: Cashing In On Chaos
• Positive Sentiment: Recent news of U.S. Navy intercepts of Iranian cruise missiles has lifted attention on missile-defense names; commentators and screens are flagging RTX as a stock to watch given its missile-defense exposure and program wins. U.S. Navy intercepts Iranian cruise missiles — 4 defense stocks to watch today
• Positive Sentiment: High-profile bullish commentary: Jim Cramer publicly called RTX a “monster” buy and said he’d buy aggressively, which can spur retail/income investors to add shares (Cramer also pointed to the recent dividend raise). Jim Cramer Calls RTX A 'Monster' Right Here, Aurora A 'Worthy' Spec
• Neutral Sentiment: Multiple consumer-tech headlines referencing “RTX” GPUs (NVIDIA brand) — e.g., mid-range GPU comparisons — are creating ticker confusion in newsfeeds but have little direct impact on RTX Corporation’s aerospace and defense fundamentals. RTX 5070 vs RX 9070 XT mid-range GPU battle
• Neutral Sentiment: Consumer PC/GPU promotions and retailer stories (Razer adding RTX 5090 options; Amazon discounts on RTX 5070 Ti systems) are relevant to Nvidia and retail demand, not RTX Corp, and may add short‑term noise to searches and sentiment. Razer upgrades Blade 16 with 64GB RAM and RTX 5090 options
• Negative Sentiment: MarketBeat also flags structural headwinds — supply-chain fragility, titanium costs and skilled‑labor shortages — that can slow how quickly RTX converts backlog into revenue, tempering upside despite strong order flow. The Hormuz Defense Hedge: Cashing In On Chaos

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RTX shares. DZ Bank downgraded RTX from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Royal Bank Of Canada raised their price target on RTX from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 28th. Vertical Research restated a "buy" rating and issued a $227.00 price target on shares of RTX in a research note on Tuesday, January 27th. Wells Fargo & Company started coverage on RTX in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $200.00 price target on the stock. Finally, Wolfe Research restated an "outperform" rating on shares of RTX in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $206.59.

Insider Activity at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,136 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the sale, the vice president directly owned 27,102 shares of the company's stock, valued at $5,455,632.60. This trade represents a 23.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 17,527 shares of the firm's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $199.16, for a total value of $3,490,677.32. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,255 shares of company stock valued at $18,151,956 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

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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