Franklin Resources Inc. Has $2.65 Billion Stock Position in RTX Corporation $RTX

Franklin Resources Inc. lowered its holdings in shares of RTX Corporation (NYSE:RTX) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 14,472,709 shares of the company’s stock after selling 945,166 shares during the period. RTX makes up approximately 0.6% of Franklin Resources Inc.’s holdings, making the stock its 28th largest holding. Franklin Resources Inc.’s holdings in RTX were worth $2,654,295,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RTX. Norges Bank acquired a new stake in RTX during the fourth quarter worth approximately $3,167,626,000. Vanguard Group Inc. grew its stake in RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the period. California Public Employees Retirement System boosted its holdings in RTX by 27.5% in the third quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock worth $802,640,000 after acquiring an additional 1,034,456 shares in the last quarter. Groupama Asset Managment bought a new position in RTX in the third quarter worth approximately $150,078,000. Finally, Legal & General Group Plc boosted its holdings in RTX by 13.4% in the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after acquiring an additional 846,656 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.1%

RTX stock opened at $181.26 on Monday. RTX Corporation has a twelve month low of $135.43 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 stock’s 50 day moving average is $184.04 and its 200-day moving average is $188.81. The firm has a market capitalization of $244.10 billion, a PE ratio of 34.01, a P/E/G ratio of 2.57 and a beta of 0.31.

RTX (NYSE:RTX) last posted its earnings results 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 for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the company earned $1.47 earnings per share. The company’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. Sell-side analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

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

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Jefferies upgraded RTX to Buy from Hold and raised its price target to $220, citing improving profit margins, strength in the defense business, and growth in commercial aerospace engine aftermarket revenue. RTX stock rises 4% after Jefferies upgrade, lifts target to $220
• Positive Sentiment: RTX won a $515 million U.S. Navy contract for its SPY-6 radar systems, expanding the program’s deployment across the Navy and allied governments and reinforcing the company’s defense electronics growth story. RTX SPY-6 Radar Win Expands Naval Role And Long Term Appeal
• Positive Sentiment: RTX is expanding landing gear production with a new Poland facility, a sign Collins Aerospace is investing to meet rising aircraft demand and support longer-term commercial aerospace growth. How Is RTX Expanding Landing Gear Production to Support Growth?
• Neutral Sentiment: Several articles repeated a broad “brokers suggest investing in RTX” theme, but these pieces mainly question the usefulness of average analyst ratings and do not add much new fundamental information. Brokers Suggest Investing in RTX (RTX): Read This Before Placing a Bet
• Neutral Sentiment: Tech headlines mentioning “RTX Spark” relate to NVIDIA’s product branding, not RTX Corporation, so they should not materially affect RTX stock. NVIDIA’s RTX Spark Superchip…

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RTX. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Citigroup cut their price target on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $210.00 to $220.00 in a report on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.