World Investment Advisors Increases Stock Position in RTX Corporation $RTX

World Investment Advisors boosted its position in shares of RTX Corporation (NYSE:RTXFree Report) by 4.5% in the first quarter, Holdings Channel.com reports. The firm owned 65,275 shares of the company’s stock after acquiring an additional 2,827 shares during the period. World Investment Advisors’ holdings in RTX were worth $12,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas purchased a new position in RTX in the 3rd quarter valued at about $25,000. Navalign LLC purchased a new stake in shares of RTX during the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX in the fourth quarter worth about $26,000. Core Wealth Advisors LLC acquired a new position in shares of RTX in the fourth quarter worth about $31,000. Finally, 1 North Wealth Services LLC boosted its holdings in RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

Analyst Ratings Changes

A number of analysts recently issued reports on RTX shares. UBS Group dropped their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $220.00 in a report on Thursday, June 4th. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $211.38.

Get Our Latest Stock Report on RTX

RTX Price Performance

Shares of NYSE RTX opened at $198.88 on Friday. RTX Corporation has a 1-year low of $142.98 and a 1-year high of $214.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The business’s fifty day moving average price is $180.46 and its two-hundred day moving average price is $190.67. The firm has a market capitalization of $267.83 billion, a PE ratio of 37.31, a P/E/G ratio of 2.82 and a beta of 0.30.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company 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 posted $1.47 earnings per share. The firm’s quarterly 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, research analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is currently 54.78%.

RTX Company Profile

(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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