Principal Financial Group Inc. lifted its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,744,607 shares of the company’s stock after buying an additional 11,278 shares during the period. Principal Financial Group Inc.’s holdings in RTX were worth $336,535,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. BNP Paribas purchased a new position in shares of RTX in the third quarter worth about $25,000. Navalign LLC purchased a new stake in RTX in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX in the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new position in RTX in the 4th quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC raised its position in RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after buying an additional 137 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX Price Performance
RTX stock opened at $193.82 on Wednesday. RTX Corporation has a 52-week low of $143.56 and a 52-week high of $214.50. The firm has a market capitalization of $261.02 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 2.69 and a beta of 0.30. The company has a fifty day simple moving average of $183.55 and a 200-day simple moving average of $191.47. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is currently 54.78%.
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Analysts highlighted RTX’s expanding position in the electronic warfare market, pointing to advanced jamming, sensing and mission systems as defense spending supports demand. Is RTX Strengthening Its Position in the Electronic Warfare Market?
- Positive Sentiment: RTX’s global sustainment and lifecycle support business was cited as a potential long-term growth engine, reinforcing the company’s recurring-revenue profile. Can RTX’s Global Sustainment Services Drive Long-Term Growth?
- Positive Sentiment: RTX also drew attention for technical progress in aviation, including a high power-density electric motor test that may support future aerospace innovation. RTX Runs High Power-Density Electric Motor For Aviation
- Neutral Sentiment: One market note said RTX now appears to trade near intrinsic value on discounted cash flow and earnings-based measures, implying limited valuation support for a major rerating either way. RTX (RTX) Stock May Trade At A Cash Flow Discount And Earnings Premium
- Neutral Sentiment: Other headlines focused on NVIDIA RTX 5000/5070/5090 graphics cards and thermal issues, which are unrelated to RTX Corporation and likely had little direct impact on the stock. NVIDIA RTX 5000 GPUs get hotspot temperature readings…
- Negative Sentiment: Recent trading showed RTX declining even as the market rose, suggesting some investors are locking in gains or waiting for a stronger catalyst. RTX (RTX) Stock Falls Amid Market Uptick: What Investors Need to Know
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of RTX in a report on Wednesday, July 8th. Wells Fargo & Company began coverage on shares of RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective for the company. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $211.38.
View Our Latest Analysis on RTX
About RTX
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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