Corient Private Wealth LLC increased its position in RTX Corporation (NYSE:RTX – Free Report) by 61.8% in the 4th quarter, HoldingsChannel reports. The fund owned 2,428,190 shares of the company’s stock after purchasing an additional 927,671 shares during the period. RTX accounts for about 0.5% of Corient Private Wealth LLC’s holdings, making the stock its 28th biggest position. Corient Private Wealth LLC’s holdings in RTX were worth $445,330,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in RTX. Norges Bank bought a new position in RTX during the fourth quarter worth about $3,167,626,000. Auto Owners Insurance Co raised its position in shares of RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. Vanguard Group Inc. lifted its stake in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after buying an additional 2,210,950 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of RTX by 1,545.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock valued at $316,128,000 after buying an additional 1,618,933 shares in the last quarter. Finally, Amundi boosted its holdings in RTX by 49.1% in the 4th quarter. Amundi now owns 4,402,120 shares of the company’s stock worth $807,349,000 after buying an additional 1,450,596 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Analysts and market commentary highlighted RTX as a possible beneficiary of surging European defense spending, reinforcing the company’s role as a major aerospace and defense supplier. How to Invest in the Biggest European Defense Surge in Decades (RTX)
- Positive Sentiment: A separate defense-industry piece warned that the U.S. needs more munitions and that deliveries are years behind, which could support long-term demand for RTX’s defense and missile-related businesses. U.S. Military Expert Issues Grave Warning: ‘We Need More Munitions and Deliveries Are Years Behind.’ What Stocks Can Benefit?
- Positive Sentiment: Technical and valuation-focused coverage suggested RTX has established a new price floor and may be undervalued, which can encourage buying interest. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
- Neutral Sentiment: Several articles referenced NVIDIA’s RTX branding, high-end GPUs, or consumer laptop pricing, but these appear unrelated to RTX Corporation’s defense/aerospace operations and are unlikely to materially affect the stock.
- Negative Sentiment: Recent trading-session coverage noted RTX shares slipped in the prior session, showing some near-term volatility despite the broader defense backdrop. RTX (RTX) Stock Declines While Market Improves: Some Information for Investors
Wall Street Analysts Forecast Growth
RTX Stock Performance
NYSE:RTX opened at $186.07 on Friday. The business’s 50-day moving average price is $181.86 and its two-hundred day moving average price is $189.46. RTX Corporation has a twelve month low of $140.47 and a twelve month high of $214.50. The stock has a market cap of $250.58 billion, a P/E ratio of 34.91, a PEG ratio of 2.63 and a beta of 0.31. 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 (NYSE:RTX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.
RTX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were given a dividend of $0.73 per share. The ex-dividend date was Friday, May 22nd. This is a boost from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is presently 54.78%.
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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