OMERS ADMINISTRATION Corp Has $18.55 Million Position in RTX Corporation $RTX

OMERS ADMINISTRATION Corp grew its stake in RTX Corporation (NYSE:RTXFree Report) by 65.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,162 shares of the company’s stock after purchasing an additional 37,990 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in RTX were worth $18,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RTX. Alpha Cubed Investments LLC lifted its position in RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares during the last quarter. LeConte Wealth Management LLC grew its holdings in shares of RTX by 2.3% during the 4th 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. increased 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 during the period. Schulhoff & Co. Inc. raised its stake in RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock valued at $585,000 after purchasing an additional 52 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its position in RTX by 0.4% during 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 during the period. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on RTX. Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Jefferies Financial Group reiterated a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Robert W. Baird set a $240.00 price objective on shares of RTX in a research report on Friday. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.62.

Read Our Latest Research Report on RTX

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

RTX Stock Performance

NYSE:RTX opened at $213.09 on Friday. The stock has a market cap of $286.97 billion, a P/E ratio of 37.52, a price-to-earnings-growth ratio of 2.81 and a beta of 0.30. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average is $187.08 and its 200-day moving average is $192.19. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $214.89.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities research analysts anticipate that RTX Corporation will post 7.1 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX’s payout ratio is currently 51.41%.

RTX 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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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