Fisher Asset Management LLC Acquires 625,994 Shares of RTX Corporation $RTX

Fisher Asset Management LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,800,188 shares of the company’s stock after purchasing an additional 625,994 shares during the period. RTX accounts for 1.4% of Fisher Asset Management LLC’s portfolio, making the stock its 18th biggest position. Fisher Asset Management LLC’s holdings in RTX were worth $3,998,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Alpha Cubed Investments LLC lifted its position 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 worth $2,700,000 after purchasing an additional 50 shares in the last quarter. LeConte Wealth Management LLC lifted its position 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 worth $412,000 after purchasing an additional 51 shares in the last quarter. Rydar Equities Inc. lifted its position in shares of RTX by 0.4% in the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after purchasing an additional 52 shares in the last quarter. Howard Capital Management Inc. lifted its position 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 worth $2,263,000 after purchasing an additional 53 shares in the last quarter. Finally, Purus Wealth Management LLC lifted its position 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 worth $2,700,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RTX shares. Citigroup cut their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. TD Cowen restated a “buy” rating on shares of RTX in a report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Morgan Stanley lowered their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Vertical Research restated a “buy” rating and set a $227.00 target price on shares of RTX in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $210.75.

RTX Price Performance

Shares of RTX opened at $177.06 on Monday. The company has a market cap of $238.45 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.51 and a beta of 0.31. RTX Corporation has a 1-year low of $130.90 and a 1-year high of $214.50. The company’s fifty day simple moving average is $188.64 and its 200 day simple moving average is $188.74. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the previous year, the company earned $1.47 earnings per share. 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 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. 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 is presently 51.03%.

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.