9,783 Shares in RTX Corporation $RTX Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in shares of RTX Corporation (NYSE:RTX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,783 shares of the company’s stock, valued at approximately $1,794,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Alpha Cubed Investments LLC grew its position in RTX by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares during the last quarter. LeConte Wealth Management LLC lifted its holdings in RTX by 2.3% during the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after buying an additional 51 shares during the period. Rydar Equities Inc. lifted its holdings in RTX by 0.4% during the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after buying an additional 52 shares during the period. Howard Capital Management Inc. lifted its holdings in RTX by 0.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after buying an additional 53 shares during the period. Finally, Purus Wealth Management LLC lifted its holdings in RTX by 0.4% during the 4th quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock worth $2,700,000 after buying an additional 53 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1%

Shares of NYSE:RTX opened at $179.16 on Friday. The company has a market capitalization of $241.27 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 2.54 and a beta of 0.31. 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 50-day moving average is $186.04 and its 200-day moving average is $188.74. RTX Corporation has a 1 year low of $131.90 and a 1 year high of $214.50.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping 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 business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is presently 54.78%.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price on shares of RTX in a report on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Jefferies Financial Group cut their target price on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a report on Monday, April 13th. UBS Group cut their target price on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Finally, Morgan Stanley cut their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $210.75.

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.