Resona Asset Management Co. Ltd. Buys 9,135 Shares of RTX Corporation $RTX

Resona Asset Management Co. Ltd. increased its stake in shares of RTX Corporation (NYSE:RTX) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 416,026 shares of the company’s stock after buying an additional 9,135 shares during the period. Resona Asset Management Co. Ltd.’s holdings in RTX were worth $79,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in RTX in the 4th quarter worth approximately $3,167,626,000. Auto Owners Insurance Co increased its stake in shares of RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after acquiring an additional 10,062,269 shares during the period. Vanguard Group Inc. raised its holdings in shares of RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of RTX by 1,545.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock worth $316,128,000 after purchasing an additional 1,618,933 shares during the last quarter. Finally, Amundi lifted its position in RTX by 49.1% during the fourth quarter. Amundi now owns 4,402,120 shares of the company’s stock valued at $807,349,000 after purchasing an additional 1,450,596 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, announced new steps to expand production of AMRAAM missiles and said it is doubling global Stinger missile output with European partners, which supports long-term revenue visibility and highlights strong demand for RTX’s defense products.
• Positive Sentiment: RTX received a consensus “Moderate Buy” rating from brokerages, reinforcing a generally favorable Wall Street view of the stock.
• Neutral Sentiment: RTX has been getting increased search interest from investors on Zacks, suggesting the stock is on traders’ radar, but this is not a direct operational catalyst.
• Neutral Sentiment: The company also drew attention after being removed from the Russell 1000 Dynamic Index, which may affect index-related flows but does not change RTX’s underlying business prospects.
• Neutral Sentiment: Analyst-style market recaps from Zacks and Yahoo Finance noted that RTX fell more than the broader market in the latest session, but did not point to a major new company-specific negative development.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RTX shares. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating on shares of RTX in a research report on Wednesday. Wells Fargo & Company started coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target for the company. UBS Group dropped their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Finally, Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One equities 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 stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $211.38.

RTX Price Performance

Shares of RTX stock opened at $194.99 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a twelve month low of $143.56 and a twelve month high of $214.50. The business has a 50-day moving average price of $181.87 and a 200 day moving average price of $191.18. The firm has a market cap of $262.59 billion, a PE ratio of 36.58, a P/E/G ratio of 2.85 and a beta of 0.30.

RTX (NYSE:RTX) last issued 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. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. RTX’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts predict that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Announces Dividend

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

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.