ING Groep NV Increases Stake in RTX Corporation $RTX

ING Groep NV raised its stake in shares of RTX Corporation (NYSE:RTX) by 79.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 309,675 shares of the company’s stock after acquiring an additional 136,633 shares during the period. ING Groep NV’s holdings in RTX were worth $56,794,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. BNP Paribas purchased a new position in shares of RTX in the third quarter valued at $25,000. Navalign LLC purchased a new stake in RTX during the 4th quarter valued at $25,000. Core Wealth Advisors LLC purchased a new stake in RTX during the 4th quarter valued at $31,000. Wexford Capital LP bought a new position in RTX in the 3rd quarter valued at $33,000. Finally, Dogwood Wealth Management LLC grew its position in RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Jefferies upgraded RTX to Buy from Hold and raised its price target to $220, citing improving profit margins, strength in the defense business, and growth in commercial aerospace engine aftermarket revenue. RTX stock rises 4% after Jefferies upgrade, lifts target to $220
• Positive Sentiment: RTX won a $515 million U.S. Navy contract for its SPY-6 radar systems, expanding the program’s deployment across the Navy and allied governments and reinforcing the company’s defense electronics growth story. RTX SPY-6 Radar Win Expands Naval Role And Long Term Appeal
• Positive Sentiment: RTX is expanding landing gear production with a new Poland facility, a sign Collins Aerospace is investing to meet rising aircraft demand and support longer-term commercial aerospace growth. How Is RTX Expanding Landing Gear Production to Support Growth?
• Neutral Sentiment: Several articles repeated a broad “brokers suggest investing in RTX” theme, but these pieces mainly question the usefulness of average analyst ratings and do not add much new fundamental information. Brokers Suggest Investing in RTX (RTX): Read This Before Placing a Bet
• Neutral Sentiment: Tech headlines mentioning “RTX Spark” relate to NVIDIA’s product branding, not RTX Corporation, so they should not materially affect RTX stock. NVIDIA’s RTX Spark Superchip…

RTX Price Performance

NYSE:RTX opened at $181.26 on Friday. The stock has a market capitalization of $244.10 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.57 and a beta of 0.31. The stock’s 50-day moving average price is $184.04 and its 200-day moving average price is $188.72. 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 52 week low of $135.43 and a 52 week high of $214.50.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.50% and a net margin of 8.03%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 54.78%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RTX. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Finally, Morgan Stanley decreased 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

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.