Financiere des Professionnels Fonds d investissement inc. Buys New Stake in RTX Corporation $RTX

Financiere des Professionnels Fonds d investissement inc. bought a new stake in RTX Corporation (NYSE:RTX) in the 1st quarter, HoldingsChannel reports. The fund bought 56,328 shares of the company’s stock, valued at approximately $10,866,000.

A number of other large investors have also made changes to their positions in RTX. Navalign LLC acquired a new stake in shares of RTX in the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new position in RTX during the 4th quarter valued at about $31,000. 1 North Wealth Services LLC increased its position in RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 137 shares in the last quarter. Finally, Evergreen Advisors LLC purchased a new stake in RTX in the first quarter valued at about $31,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is heading into its next earnings report with Wall Street expecting earnings growth, which could support shares if the company delivers another beat on profit and revenue. RTX Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Raytheon, an RTX business, completed a key demonstration for the U.S. Army’s Next Generation Short Range Interceptor, reinforcing RTX’s position in missile defense and adding credibility to future defense contract opportunities. RTX’s Raytheon completes key milestone for U.S. Army’s Next Generation Short Range Interceptor
• Positive Sentiment: Pratt & Whitney expanded AI-powered engine inspections through its Aiir Innovations acquisition, a move that could improve maintenance efficiency, reduce inspection time, and strengthen recurring aftermarket operations. RTX’s Pratt & Whitney expands AI engine inspections with Aiir Innovations deal
• Positive Sentiment: A major 15-year UK defense training contract involving RaytheonUK highlights growing demand for RTX’s high-tech defense and training capabilities, which could support long-term revenue visibility. The Bull Case For RTX (RTX) Could Change Following Major UK Training Win And AI Advances

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RTX. UBS Group dropped their price target on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating on shares of RTX in a research note on Wednesday, July 8th. Wells Fargo & Company assumed coverage on shares of RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.38.

RTX Price Performance

Shares of NYSE:RTX opened at $194.29 on Friday. RTX Corporation has a twelve month low of $143.56 and a twelve month high of $214.50. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market cap of $261.64 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.68 and a beta of 0.30. The company’s 50 day moving average is $184.28 and its 200 day moving average is $191.60.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.92 EPS for the current year.

RTX Dividend Announcement

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

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.