Intech Investment Management LLC Grows Stake in RTX Corporation $RTX

Intech Investment Management LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,245 shares of the company’s stock after purchasing an additional 4,117 shares during the period. Intech Investment Management LLC’s holdings in RTX were worth $25,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Navalign LLC purchased a new stake in shares of RTX during the fourth quarter worth about $25,000. BNP Paribas purchased a new stake in shares of RTX during the third quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of RTX during the third quarter worth about $30,000. Wexford Capital LP purchased a new stake in shares of RTX during the third quarter worth about $33,000. Finally, Dogwood Wealth Management LLC increased its stake in shares of RTX by 57.3% during the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.3%

Shares of NYSE RTX opened at $178.91 on Friday. RTX Corporation has a 12-month low of $131.90 and a 12-month high of $214.50. The stock has a market cap of $240.93 billion, a PE ratio of 33.57, a P/E/G ratio of 2.50 and a beta of 0.31. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $186.54 and a 200 day moving average of $188.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the prior year, the company earned $1.47 EPS. RTX’s 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. As a group, sell-side analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. RTX’s dividend payout ratio is currently 54.78%.

Analysts Set New Price Targets

A number of analysts have recently commented on RTX shares. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Wolfe Research reissued an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price objective on shares of RTX in a research note on Thursday, March 5th. Jefferies Financial Group dropped their price objective on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.75.

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.