Rakuten Investment Management Inc. Boosts Stock Holdings in RTX Corporation $RTX

Rakuten Investment Management Inc. lifted its stake in shares of RTX Corporation (NYSE:RTX) by 67.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,284 shares of the company’s stock after acquiring an additional 70,713 shares during the quarter. Rakuten Investment Management Inc.’s holdings in RTX were worth $32,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Milestone Asset Management Group LLC boosted its stake in RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after acquiring an additional 7,738 shares in the last quarter. Truist Financial Corp boosted its stake in RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after acquiring an additional 53,045 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in RTX in the fourth quarter valued at $2,308,000. Wealth Science Advisors LLC acquired a new position in RTX in the fourth quarter valued at $1,439,000. Finally, Groupama Asset Managment acquired a new position in RTX in the third quarter valued at $150,078,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $183.46 on Tuesday. RTX Corporation has a fifty-two week low of $140.47 and a fifty-two week high of $214.50. The company has a market capitalization of $247.06 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31. The firm has a 50-day simple moving average of $182.75 and a 200-day simple moving average of $189.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.26. The business 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 business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current 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 given a $0.73 dividend. The ex-dividend date was Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is 54.78%.

Analysts Set New Price Targets

RTX has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. Citigroup decreased their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. UBS Group decreased their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

RTX Company Profile

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.