RTX Corporation $RTX Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in RTX Corporation (NYSE:RTX) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 140,245 shares of the company’s stock after purchasing an additional 4,117 shares during the quarter. Intech Investment Management LLC’s holdings in RTX were worth $25,721,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. CFS Investment Advisory Services LLC lifted its holdings in shares of RTX by 1.9% in the 4th quarter. CFS Investment Advisory Services LLC now owns 8,606 shares of the company’s stock worth $1,578,000 after acquiring an additional 163 shares during the last quarter. Novak & Powell Financial Services Inc. acquired a new position in shares of RTX in the 4th quarter worth approximately $202,000. Foundations Investment Advisors LLC lifted its holdings in shares of RTX by 11.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 128,986 shares of the company’s stock worth $23,656,000 after acquiring an additional 13,183 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of RTX in the 4th quarter worth approximately $122,000. Finally, IFG Advisory LLC lifted its holdings in shares of RTX by 1.7% in the 4th quarter. IFG Advisory LLC now owns 34,073 shares of the company’s stock worth $6,249,000 after acquiring an additional 562 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

RTX stock opened at $178.91 on Friday. The firm has a market cap of $240.93 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.31. RTX Corporation has a 52-week low of $131.90 and a 52-week high of $214.50. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $186.54 and its two-hundred day moving average is $188.81.

RTX (NYSE:RTX) last released its 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 company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 EPS. 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 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is currently 54.78%.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. DZ Bank lowered shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Jefferies Financial Group reduced their target price on shares of RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $204.00 target price on shares of RTX in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.75.

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.