IFM Investors Pty Ltd Has $25.96 Million Holdings in RTX Corporation $RTX

IFM Investors Pty Ltd increased its position in shares of RTX Corporation (NYSE:RTXFree Report) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,563 shares of the company’s stock after purchasing an additional 7,944 shares during the period. IFM Investors Pty Ltd’s holdings in RTX were worth $25,957,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RTX. World Investment Advisors increased its stake in RTX by 8.7% in the fourth quarter. World Investment Advisors now owns 62,448 shares of the company’s stock valued at $11,453,000 after acquiring an additional 5,020 shares during the period. Milestone Asset Management Group LLC raised its position in RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after purchasing an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in RTX during the fourth quarter worth about $2,308,000. Truist Financial Corp boosted its holdings in RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after purchasing an additional 53,045 shares in the last quarter. Finally, Wealth Science Advisors LLC bought a new stake in shares of RTX in the 4th quarter valued at approximately $1,439,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX News Roundup

Here are the key news stories impacting RTX this week:

RTX Stock Performance

RTX stock opened at $189.65 on Wednesday. The stock has a 50-day simple moving average of $179.96 and a 200 day simple moving average of $190.37. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a 12-month low of $142.65 and a 12-month high of $214.50. The stock has a market capitalization of $255.40 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 2.65 and a beta of 0.31.

RTX (NYSE:RTXGet Free Report) last issued its quarterly 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 the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is 54.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $210.00 to $220.00 in a research report on Thursday, June 4th. UBS Group dropped their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.38.

Get Our Latest Stock Report on RTX

RTX Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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