Welch Group LLC Sells 37,497 Shares of RTX Corporation $RTX

Key Points

• Welch Group LLC cut its RTX position by 7.5% in the first quarter, selling 37,497 shares but still holding 463,345 shares valued at about $89.4 million. RTX remains the fund’s second-largest holding and makes up roughly 3.4% of its portfolio.
• RTX reported strong quarterly results, posting EPS of $1.78 versus estimates of $1.52 and revenue of $22.08 billion, beating Wall Street expectations. The company also raised its FY 2026 EPS guidance to $6.60-$6.80.
• RTX boosted its dividend and won a major defense contract, declaring a quarterly cash dividend of 73 cents per share and securing a $1.1 billion U.S. Navy order for AIM-9X Block II missiles through Raytheon. These developments support both shareholder returns and backlog growth.

Welch Group LLC lessened its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 463,345 shares of the company's stock after selling 37,497 shares during the period. RTX accounts for about 3.4% of Welch Group LLC's investment portfolio, making the stock its 2nd biggest holding. Welch Group LLC's holdings in RTX were worth $89,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC raised its stake in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after purchasing an additional 159 shares in the last quarter. United Bank increased its holdings in shares of RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company's stock valued at $1,490,000 after purchasing an additional 4,131 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock valued at $3,052,000 after purchasing an additional 623 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of RTX during the second quarter valued at about $5,157,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.7%

Shares of RTX stock opened at $187.87 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market cap of $253.00 billion, a P/E ratio of 35.25, a P/E/G ratio of 2.64 and a beta of 0.31. The stock has a 50-day moving average price of $180.26 and a 200 day moving average price of $190.03. RTX Corporation has a 1 year low of $141.93 and a 1 year high of $214.50.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. 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. RTX's dividend payout ratio (DPR) is 54.78%.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s board declared a quarterly cash dividend of 73 cents per share, reinforcing its shareholder-return profile and signaling management confidence in cash generation. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raytheon, an RTX business, won a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, adding to backlog and highlighting continued demand from the U.S. military and allied nations. RTX's Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
• Positive Sentiment: Several recent articles continued to frame RTX as a long-term growth and defense beneficiary, which can support investor sentiment even without a new operational catalyst. Why RTX (RTX) is a Top Growth Stock for the Long-Term

Analyst Ratings Changes

Several equities research analysts recently weighed in on RTX shares. Wall Street Zen downgraded shares of RTX from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 26th. Jefferies Financial Group upgraded shares of RTX from a "hold" rating to a "buy" rating and boosted their price target for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 10th. UBS Group decreased their price objective on shares of RTX from $209.00 to $199.00 and set a "neutral" rating for the company in a report on Wednesday, April 22nd. Finally, Morgan Stanley lowered their price objective on shares of RTX from $235.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.

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