Davis R M Inc. lowered its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 1.5% in the first quarter, HoldingsChannel.com reports. The firm owned 321,546 shares of the company’s stock after selling 4,985 shares during the period. RTX accounts for approximately 1.1% of Davis R M Inc.’s portfolio, making the stock its 26th largest holding. Davis R M Inc.’s holdings in RTX were worth $62,026,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of RTX during the fourth quarter worth $3,167,626,000. Auto Owners Insurance Co boosted its holdings in RTX by 24,730.9% during the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after acquiring an additional 10,062,269 shares during the period. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 2,210,950 shares during the period. Artisan Partners Limited Partnership grew its position in RTX by 1,545.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock valued at $316,128,000 after acquiring an additional 1,618,933 shares in the last quarter. Finally, Amundi increased its stake in RTX by 49.1% during the fourth quarter. Amundi now owns 4,402,120 shares of the company’s stock worth $807,349,000 after purchasing an additional 1,450,596 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on RTX. Wells Fargo & Company assumed coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective for the company. UBS Group reduced their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Finally, Morgan Stanley reduced their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $211.38.
RTX Trading Up 0.5%
NYSE RTX opened at $194.56 on Thursday. RTX Corporation has a 52 week low of $149.11 and a 52 week high of $214.50. The firm has a 50 day moving average of $185.57 and a two-hundred day moving average of $191.89. 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 stock has a market capitalization of $262.01 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.65 and a beta of 0.30.
RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The business 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 company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. As a group, research analysts expect that RTX Corporation will post 6.92 EPS for the current fiscal year.
RTX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is currently 54.78%.
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon was awarded a $1.8 billion U.S. Navy contract extension for SPY-6 radar hardware production and sustainment, reinforcing RTX’s defense revenue visibility. RTX’s Raytheon awarded $1.8 billion hardware production and sustainment contract for SPY-6 family of radars
- Positive Sentiment: Pratt & Whitney said its GTF engines have topped 800 orders and commitments year to date, lifting the engine backlog to more than 8,000 and signaling sustained commercial aircraft demand. RTX’s Pratt & Whitney GTF engines surpass 800 orders and commitments in 2026, year to date
- Positive Sentiment: RTX highlighted multiple new aerospace wins and strategic partnerships at the Farnborough Airshow, including engine orders, a new MRO joint venture, and expanded regional maintenance agreements. RTX’s Pratt & Whitney Canada signs PW127M maintenance agreement with Emerald Airlines
- Positive Sentiment: RTX advanced its hybrid-electric aviation program, with Collins Aerospace completing lab testing and moving the project toward aircraft-level integration testing with Airbus. RTX advances hybrid-electric aviation at The Grid
- Neutral Sentiment: Several previews and earnings outlook pieces put RTX in focus ahead of Thursday’s results, with analysts watching whether the company can sustain revenue and EPS growth. RTX (RTX) Q2 Earnings: What To Expect
- Neutral Sentiment: RTX-related gaming and GPU headlines involving “RTX” are about Nvidia graphics products, not RTX Corporation, so they should not affect the stock.
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.
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