Catalyst Investment Management LLC Makes New Investment in RTX Corporation $RTX

Catalyst Investment Management LLC bought a new position in RTX Corporation (NYSE:RTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,742 shares of the company’s stock, valued at approximately $870,000. RTX accounts for 0.8% of Catalyst Investment Management LLC’s portfolio, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of RTX during the fourth quarter worth about $3,167,626,000. Vanguard Group Inc. lifted its position in RTX by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares during the period. Artisan Partners Limited Partnership lifted its position in RTX by 1,545.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock valued at $316,128,000 after purchasing an additional 1,618,933 shares during the period. Amundi boosted its holdings in RTX by 49.1% in the 4th quarter. Amundi now owns 4,402,120 shares of the company’s stock valued at $807,349,000 after purchasing an additional 1,450,596 shares in the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in RTX in the 4th quarter valued at approximately $229,250,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 3.4%

Shares of RTX opened at $186.07 on Friday. RTX Corporation has a twelve month low of $140.47 and a twelve month high of $214.50. 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 firm has a market capitalization of $250.58 billion, a P/E ratio of 34.91, a PEG ratio of 2.73 and a beta of 0.31. The firm’s 50-day moving average is $182.21 and its two-hundred day moving average is $189.49.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts predict that RTX Corporation will post 6.91 earnings per share for the current fiscal 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 paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is 54.78%.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price objective on shares of RTX in a research report on Thursday, March 5th. Finally, Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

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.