RTX Corporation $RTX Shares Purchased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership boosted its stake in RTX Corporation (NYSE:RTXFree Report) by 1,545.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,723,710 shares of the company’s stock after purchasing an additional 1,618,933 shares during the quarter. Artisan Partners Limited Partnership’s holdings in RTX were worth $316,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew 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 during the period. State Street Corp grew its stake in RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company’s stock valued at $16,851,633,000 after acquiring an additional 630,558 shares during the period. Capital Research Global Investors grew its stake in RTX by 1.1% in the 3rd quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock valued at $12,750,087,000 after acquiring an additional 799,155 shares during the period. Morgan Stanley grew its stake in RTX by 0.4% in the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock valued at $5,462,310,000 after acquiring an additional 105,069 shares during the period. Finally, Fisher Asset Management LLC grew its stake in RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock valued at $3,998,155,000 after acquiring an additional 625,994 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.7%

Shares of RTX stock opened at $186.74 on Wednesday. The stock’s fifty day moving average is $182.56 and its two-hundred day moving average is $189.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The firm has a market capitalization of $251.48 billion, a P/E ratio of 35.04, a PEG ratio of 2.60 and a beta of 0.31. RTX Corporation has a fifty-two week low of $140.47 and a fifty-two week high of $214.50.

RTX (NYSE:RTXGet Free Report) last posted 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 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 analyst estimates of $21.38 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The company’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. Research analysts expect that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. This is a boost from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 54.78%.

More RTX News

Here are the key news stories impacting RTX this week:

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RTX shares. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. UBS Group dropped their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $211.38.

Get Our Latest Research Report on RTX

About RTX

(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.

Recommended Stories

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.