71 West Capital Partners Makes New Investment in RTX Corporation $RTX

71 West Capital Partners bought a new position in shares of RTX Corporation (NYSE:RTX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 151,074 shares of the company’s stock, valued at approximately $27,707,000. RTX makes up 1.3% of 71 West Capital Partners’ portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alkeon Capital Management LLC bought a new position in RTX during the 4th quarter worth about $229,250,000. Faithward Advisors LLC grew its holdings in RTX by 17.1% during the 4th quarter. Faithward Advisors LLC now owns 2,589 shares of the company’s stock worth $475,000 after acquiring an additional 379 shares in the last quarter. LFG Wealth Partners LLC bought a new position in RTX during the 4th quarter worth about $339,000. Okabena Investment Services Inc. grew its holdings in RTX by 7.4% during the 4th quarter. Okabena Investment Services Inc. now owns 4,913 shares of the company’s stock worth $901,000 after acquiring an additional 338 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in RTX by 0.8% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 58,172 shares of the company’s stock worth $10,669,000 after acquiring an additional 446 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RTX. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price target on shares of RTX in a report on Thursday, March 5th. Jefferies Financial Group upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $220.00 in a report on Thursday, June 4th. Morgan Stanley lowered their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued 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 an average target price of $211.38.

RTX Stock Down 0.0%

NYSE:RTX opened at $183.46 on Tuesday. RTX Corporation has a fifty-two week low of $140.47 and a fifty-two week high of $214.50. The stock has a market capitalization of $247.06 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.60 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The company’s 50-day simple moving average is $182.75 and its 200-day simple moving average is $189.18.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same period last year, the business earned $1.47 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is 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.