Investment Management Corp of Ontario Purchases 55,044 Shares of RTX Corporation $RTX

Investment Management Corp of Ontario boosted its position in shares of RTX Corporation (NYSE:RTX) by 71.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,753 shares of the company’s stock after acquiring an additional 55,044 shares during the period. Investment Management Corp of Ontario’s holdings in RTX were worth $24,164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas bought a new position in RTX during the third quarter valued at about $25,000. Navalign LLC bought a new position in RTX during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX during the fourth quarter valued at about $26,000. Core Wealth Advisors LLC bought a new position in shares of RTX during the 4th quarter worth about $31,000. Finally, 1 North Wealth Services LLC lifted its holdings in shares of 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 acquiring an additional 137 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RTX has been the subject of a number of analyst reports. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. 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. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $211.38.

RTX Stock Up 3.0%

Shares of NYSE:RTX opened at $192.31 on Thursday. RTX Corporation has a one year low of $140.47 and a one year high of $214.50. The company has a 50 day moving average of $182.44 and a 200-day moving average of $189.41. 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 stock has a market cap of $258.98 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 2.65 and a beta of 0.31.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping 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 previous year, the company earned $1.47 EPS. RTX’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, May 22nd. RTX’s dividend payout ratio is presently 54.78%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX drew investor interest after a new analysis said the stock could be undervalued by about 13% based on annual revenue of $90.4 billion and net income of $7.3 billion, reinforcing the case that the shares may have room to run. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
• Positive Sentiment: GM Defense discussions involving RTX and other defense partners suggest potential supply-chain and weapons-stockpile demand tailwinds for RTX’s defense businesses. GM Defense Talks Could Reshape Munitions Supply Chains
• Positive Sentiment: RTX announced plans to invest $100 million in its Raytheon Rhode Island facility, a signal that management is continuing to fund capacity and long-term defense production. RTX to Invest $100 Million in Raytheon Rhode Island Facility
• Neutral Sentiment: RTX’s aircraft interiors business is being highlighted as a growth driver as airlines modernize cabins and upgrade connectivity, but the article is more of a strategic positive than a near-term earnings catalyst. How Is RTX Strengthening Growth via Advanced Aircraft Interiors?
• Neutral Sentiment: Recent market coverage noted RTX outperformed on a down day for the broader market, but the move largely reflects relative strength rather than a new company-specific catalyst. RTX (RTX) Gains As Market Dips: What You Should Know

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.