Fullerton Fund Management Co Ltd. Makes New $596,000 Investment in RTX Corporation $RTX

Fullerton Fund Management Co Ltd. bought a new position in RTX Corporation (NYSE:RTXFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,251 shares of the company’s stock, valued at approximately $596,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas bought a new stake in shares of RTX in the 3rd quarter worth $25,000. Navalign LLC bought a new stake in shares of RTX in the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX in the 4th quarter worth $26,000. Core Wealth Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth $31,000. Finally, 1 North Wealth Services LLC increased its holdings in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RTX shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 target price on shares of RTX in a report on Thursday, March 5th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

Check Out Our Latest Report on RTX

RTX Stock Performance

RTX stock opened at $186.74 on Wednesday. The company has a market cap of $251.48 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31. RTX Corporation has a 1 year low of $140.47 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The stock’s fifty day moving average price is $182.56 and its 200-day moving average price is $189.28.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The firm 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%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities analysts forecast 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%.

Trending Headlines about RTX

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RTX Profile

(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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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