Alkeon Capital Management LLC Takes Position in RTX Corporation $RTX

Alkeon Capital Management LLC bought a new stake in RTX Corporation (NYSE:RTX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,250,000 shares of the company’s stock, valued at approximately $229,250,000. Alkeon Capital Management LLC owned approximately 0.09% of RTX as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of RTX. Norges Bank bought a new stake in RTX in the 4th quarter valued at approximately $3,167,626,000. Vanguard Group Inc. lifted its stake in RTX by 1.8% in 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 in the last quarter. California Public Employees Retirement System lifted its stake in RTX by 27.5% in the 3rd quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock valued at $802,640,000 after acquiring an additional 1,034,456 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in RTX by 16.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,717,600 shares of the company’s stock valued at $1,232,008,000 after acquiring an additional 931,189 shares in the last quarter. Finally, Groupama Asset Managment bought a new stake in RTX in the 3rd quarter valued at approximately $150,078,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.0%

NYSE:RTX opened at $183.46 on Tuesday. The firm has a market capitalization of $247.06 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31. RTX Corporation has a twelve month low of $140.47 and a twelve month high of $214.50. The stock’s 50 day moving average price is $182.75 and its two-hundred day moving average price is $189.18. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

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 the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts expect that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently announced 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 represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. This is a boost from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 54.78%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wells Fargo & Company assumed coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 target price on shares of RTX in a research report on Thursday, March 5th. Citigroup lowered their target price on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Morgan Stanley lowered their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. One equities 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’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $211.38.

RTX Company 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.