Framtiden Holdings Management Co LLC Takes Position in RTX Corporation $RTX

Framtiden Holdings Management Co LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,000 shares of the company’s stock, valued at approximately $13,755,000. RTX makes up about 14.9% of Framtiden Holdings Management Co LLC’s portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Milestone Asset Management Group LLC raised its holdings in shares of RTX by 34.7% during the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after purchasing an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in RTX in the fourth quarter worth approximately $2,308,000. Truist Financial Corp boosted its holdings in RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after purchasing an additional 53,045 shares during the last quarter. Wealth Science Advisors LLC bought a new stake in RTX in the 4th quarter worth approximately $1,439,000. Finally, Groupama Asset Managment bought a new stake in RTX in the 3rd quarter worth approximately $150,078,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 3.4%

Shares of RTX stock opened at $186.07 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. RTX Corporation has a 12 month low of $140.47 and a 12 month high of $214.50. The stock has a market cap of $250.58 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.73 and a beta of 0.31. The company has a 50 day simple moving average of $182.21 and a two-hundred day simple moving average of $189.49.

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

RTX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.6%. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, May 22nd. RTX’s dividend payout ratio (DPR) is presently 54.78%.

Analyst Ratings Changes

Several research firms have recently weighed in on RTX. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Wells Fargo & Company assumed coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective for the company. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Finally, UBS Group dropped their target price on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $211.38.

About RTX

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.