Fullerton Fund Management Co Ltd. Buys New Holdings in RTX Corporation $RTX

Fullerton Fund Management Co Ltd. bought a new stake in shares of RTX Corporation (NYSE:RTXFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,251 shares of the company’s stock, valued at approximately $596,000.

Several other institutional investors also recently bought and sold shares of the stock. Titan Wealth CI Ltd purchased a new stake in RTX during the 4th quarter valued at about $8,109,000. Blair William & Co. IL boosted its holdings in RTX by 2.6% during the 4th quarter. Blair William & Co. IL now owns 376,802 shares of the company’s stock valued at $69,105,000 after acquiring an additional 9,483 shares during the period. Graham Capital Management L.P. boosted its holdings in RTX by 348.3% during the 4th quarter. Graham Capital Management L.P. now owns 30,890 shares of the company’s stock valued at $5,665,000 after acquiring an additional 24,000 shares during the period. Howe & Rusling Inc. boosted its holdings in RTX by 2.6% during the 4th quarter. Howe & Rusling Inc. now owns 23,728 shares of the company’s stock valued at $4,352,000 after acquiring an additional 609 shares during the period. Finally, Dempze Nancy E boosted its holdings in RTX by 3.7% during the 4th quarter. Dempze Nancy E now owns 33,134 shares of the company’s stock valued at $6,077,000 after acquiring an additional 1,192 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Up 1.7%

RTX stock opened at $186.74 on Wednesday. RTX Corporation has a twelve month low of $140.47 and a twelve month high of $214.50. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The firm has a market cap of $251.48 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31. The business has a 50 day moving average of $182.56 and a 200 day moving average of $189.28.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating 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 company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the company 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. On average, research analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RTX shares. Morgan Stanley dropped their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Citigroup dropped their price objective on RTX from $238.00 to $226.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. UBS Group dropped their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

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RTX Company Profile

(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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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