Banque Cantonale Vaudoise Buys 8,959 Shares of RTX Corporation $RTX

Banque Cantonale Vaudoise grew its position in shares of RTX Corporation (NYSE:RTX) by 46.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,392 shares of the company’s stock after acquiring an additional 8,959 shares during the quarter. Banque Cantonale Vaudoise’s holdings in RTX were worth $5,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in RTX during the fourth quarter worth $3,167,626,000. Auto Owners Insurance Co grew its stake in RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. 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 purchasing an additional 2,210,950 shares during the period. Artisan Partners Limited Partnership increased its position in shares of RTX by 1,545.1% during the 4th 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 last quarter. Finally, Amundi raised its stake in shares of RTX by 49.1% during the 4th quarter. Amundi now owns 4,402,120 shares of the company’s stock worth $807,349,000 after purchasing an additional 1,450,596 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RTX shares. UBS Group cut their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley decreased their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.38.

RTX Stock Performance

Shares of RTX opened at $185.27 on Thursday. The stock’s 50-day simple moving average is $180.81 and its 200 day simple moving average is $189.93. 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 stock has a market capitalization of $249.50 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31. RTX Corporation has a 52-week low of $140.47 and a 52-week high of $214.50.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders 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 was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. RTX’s dividend payout ratio is 54.78%.

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.