Mirae Asset Global Investments Co. Ltd. Acquires 5,198 Shares of RTX Corporation $RTX

Mirae Asset Global Investments Co. Ltd. boosted its position in RTX Corporation (NYSE:RTXFree Report) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,691 shares of the company’s stock after acquiring an additional 5,198 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in RTX were worth $33,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after purchasing an additional 552,009 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in RTX by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock valued at $192,333,000 after acquiring an additional 16,034 shares during the period. MGO One Seven LLC grew its stake in shares of RTX by 10.2% in the second quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after acquiring an additional 2,554 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its position in RTX by 28,295.2% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock valued at $1,741,000 after purchasing an additional 11,884 shares during the period. Finally, Armstrong Fleming & Moore Inc purchased a new stake in RTX in the second quarter worth approximately $431,000. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 0.9%

RTX opened at $199.41 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $183.86 and its two-hundred day moving average is $169.85. The company has a market capitalization of $267.36 billion, a P/E ratio of 40.95, a PEG ratio of 2.94 and a beta of 0.44. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $205.36.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. The firm had revenue of $24.24 billion during the quarter, compared to analyst estimates of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. RTX’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RTX. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Citigroup lifted their target price on RTX from $211.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of RTX in a report on Thursday, January 15th. The Goldman Sachs Group increased their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.06.

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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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