1,250,000 Shares in RTX Corporation $RTX Acquired by Alkeon Capital Management LLC

Alkeon Capital Management LLC bought a new position in shares of RTX Corporation (NYSE:RTX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,250,000 shares of the company’s stock, valued at approximately $229,250,000.

A number of other institutional investors have also made changes to their positions in the business. Faithward Advisors LLC increased its holdings in shares of RTX by 17.1% during the 4th quarter. Faithward Advisors LLC now owns 2,589 shares of the company’s stock worth $475,000 after acquiring an additional 379 shares during the last quarter. LFG Wealth Partners LLC acquired a new position in shares of RTX during the 4th quarter worth approximately $339,000. Okabena Investment Services Inc. increased its holdings in shares of RTX by 7.4% during the 4th quarter. Okabena Investment Services Inc. now owns 4,913 shares of the company’s stock worth $901,000 after acquiring an additional 338 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of RTX by 0.8% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 58,172 shares of the company’s stock worth $10,669,000 after acquiring an additional 446 shares during the last quarter. Finally, Tobias Financial Advisors Inc. increased its holdings in shares of RTX by 63.2% during the 4th quarter. Tobias Financial Advisors Inc. now owns 2,194 shares of the company’s stock worth $402,000 after acquiring an additional 850 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the topic of several recent research reports. UBS Group lowered their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Morgan Stanley dropped their target price on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 target price on shares of RTX in a report on Thursday, March 5th. One 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 given a Sell rating to the stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Stock Down 0.0%

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 debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The company has a market capitalization of $247.06 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.60 and a beta of 0.31. The stock has a fifty day moving average of $182.75 and a 200-day moving average of $189.18.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The firm had revenue of $22.08 billion during 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 company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities 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 was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is currently 54.78%.

About RTX

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.