Capital Wealth Planning LLC Acquires 256,384 Shares of RTX Corporation $RTX

Capital Wealth Planning LLC increased its holdings in shares of RTX Corporation (NYSE:RTXFree Report) by 6.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,290,398 shares of the company’s stock after buying an additional 256,384 shares during the period. RTX makes up approximately 5.1% of Capital Wealth Planning LLC’s portfolio, making the stock its 5th biggest position. Capital Wealth Planning LLC’s holdings in RTX were worth $793,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of RTX in the fourth quarter valued at approximately $3,167,626,000. Vanguard Group Inc. increased its stake in shares of RTX by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares during the period. California Public Employees Retirement System increased its stake in shares of RTX by 27.5% in the third quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock valued at $802,640,000 after purchasing an additional 1,034,456 shares during the period. Groupama Asset Managment acquired a new stake in shares of RTX in the third quarter valued at approximately $150,078,000. Finally, Legal & General Group Plc increased its stake in shares of RTX by 13.4% in the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock valued at $1,199,338,000 after purchasing an additional 846,656 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RTX shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Morgan Stanley dropped their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. 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 research note on Thursday, June 4th. Finally, Citigroup dropped their price target on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

Read Our Latest Analysis on RTX

RTX Trading Down 2.2%

Shares of NYSE:RTX opened at $177.50 on Thursday. The stock has a market capitalization of $239.04 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.57 and a beta of 0.31. RTX Corporation has a 1-year low of $135.43 and a 1-year high of $214.50. 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 has a 50 day moving average price of $183.40 and a 200 day moving average price of $188.93.

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

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be issued a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is 54.78%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

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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