Fideuram Asset Management Ireland dac Makes New $1.79 Million Investment in RTX Corporation $RTX

Fideuram Asset Management Ireland dac acquired a new position in shares of RTX Corporation (NYSE:RTX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,783 shares of the company’s stock, valued at approximately $1,794,000.

Several other institutional investors also recently modified their holdings of the business. Alpha Cubed Investments LLC grew its holdings in shares of RTX by 0.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after acquiring an additional 50 shares in the last quarter. LeConte Wealth Management LLC grew its holdings in shares of RTX by 2.3% in the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after acquiring an additional 51 shares in the last quarter. Rydar Equities Inc. grew its holdings in shares of RTX by 0.4% in the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after acquiring an additional 52 shares in the last quarter. Howard Capital Management Inc. grew its holdings in shares of RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after acquiring an additional 53 shares in the last quarter. Finally, Purus Wealth Management LLC grew its holdings in shares of RTX by 0.4% in the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after acquiring an additional 53 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. UBS Group reduced their target price on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price for the company. Finally, DZ Bank lowered RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

RTX Trading Up 0.1%

NYSE:RTX opened at $179.16 on Friday. The company has a market cap of $241.27 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.54 and a beta of 0.31. The stock’s fifty day moving average price is $186.04 and its two-hundred day moving average price is $188.74. RTX Corporation has a 1 year low of $131.90 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.

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 firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio (DPR) is currently 54.78%.

RTX 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.