AustralianSuper Pty Ltd Acquires Shares of 73,107 RTX Corporation $RTX

AustralianSuper Pty Ltd purchased a new stake in shares of RTX Corporation (NYSE:RTXFree Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 73,107 shares of the company’s stock, valued at approximately $13,408,000.

A number of other hedge funds have also added to or reduced their stakes in RTX. BNP Paribas acquired a new position in RTX during the 3rd quarter valued at about $25,000. Navalign LLC bought a new stake in RTX during the fourth quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in RTX during the third quarter worth $30,000. Wexford Capital LP bought a new stake in RTX during the third quarter worth $33,000. Finally, Dogwood Wealth Management LLC grew its holdings in RTX by 57.3% during the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent research reports. Royal Bank Of Canada upped their price target on RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. increased their target price on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Morgan Stanley lowered their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company started coverage on shares of RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price for the company. Finally, Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.75.

Check Out Our Latest Stock Report on RTX

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 15,124 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total value of $3,095,126.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,698,105.60. The trade was a 53.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the completion of the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $12,242,331.36. The trade was a 37.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 63,592 shares of company stock worth $13,023,502 in the last quarter. Insiders own 0.10% of the company’s stock.

RTX Price Performance

RTX opened at $171.11 on Friday. The firm has a market cap of $230.43 billion, a P/E ratio of 32.10, a PEG ratio of 2.49 and a beta of 0.31. The firm has a 50-day moving average of $191.79 and a 200 day moving average of $188.74. 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 Corporation has a fifty-two week low of $130.90 and a fifty-two week high of $214.50.

RTX (NYSE:RTXGet Free Report) last posted its quarterly 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 during 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 for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is 51.03%.

Key RTX News

Here are the key news stories impacting RTX this week:

About RTX

(Free Report)

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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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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