Banque Cantonale Vaudoise Buys 8,959 Shares of RTX Corporation $RTX

Banque Cantonale Vaudoise raised its stake in RTX Corporation (NYSE:RTX) by 46.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 28,392 shares of the company’s stock after acquiring an additional 8,959 shares during the period. Banque Cantonale Vaudoise’s holdings in RTX were worth $5,477,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RTX. World Investment Advisors increased its position in RTX by 8.7% during 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 last quarter. Milestone Asset Management Group LLC boosted 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 during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of RTX during the 4th quarter valued at about $2,308,000. Truist Financial Corp grew its stake in shares of RTX by 2.3% during the 4th 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 during the period. Finally, Wealth Science Advisors LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $1,439,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.6%

RTX opened at $185.27 on Thursday. The stock has a market cap of $249.50 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31. 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 firm’s fifty day moving average is $180.81 and its 200 day moving average is $189.93. RTX Corporation has a fifty-two week low of $140.47 and a fifty-two week high of $214.50.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion for 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 firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $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 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. UBS Group dropped their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $210.00 to $220.00 in a research report on Thursday, June 4th. Wells Fargo & Company assumed coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective for the company. Finally, Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. One research 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.38.

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.