Jennison Associates LLC Grows Position in RTX Corporation $RTX

Jennison Associates LLC increased its stake in shares of RTX Corporation (NYSE:RTX) by 37.4% in the first quarter, Holdings Channel.com reports. The fund owned 1,378,798 shares of the company’s stock after purchasing an additional 375,655 shares during the period. Jennison Associates LLC’s holdings in RTX were worth $265,970,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Navalign LLC purchased a new stake in RTX in the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the fourth quarter valued at about $26,000. Evergreen Advisors LLC purchased a new position in shares of RTX during the first quarter valued at about $31,000. Core Wealth Advisors LLC bought a new stake in shares of RTX in the fourth quarter worth about $31,000. Finally, 1 North Wealth Services LLC increased its holdings in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Morgan Stanley dropped their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of RTX in a report on Wednesday, July 8th. Wells Fargo & Company initiated coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price for the company. Finally, Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $211.38.

Key Headlines 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 Stock Down 0.4%

Shares of NYSE:RTX opened at $193.66 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 $143.56 and a 12 month high of $214.50. The company has a 50-day moving average price of $184.63 and a 200 day moving average price of $191.62. The company has a market cap of $260.80 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.65 and a beta of 0.30.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the business 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, equities research analysts predict that RTX Corporation will post 6.92 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s payout ratio is 54.78%.

RTX Company 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.