Mirae Asset Global Investments Co. Ltd. Acquires New Stake in RTX Corporation $RTX

Mirae Asset Global Investments Co. Ltd. acquired a new stake in RTX Corporation (NYSE:RTX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 381,739 shares of the company’s stock, valued at approximately $70,870,000.

Several other large investors have also recently added to or reduced their stakes in the business. Northern Financial Advisors Inc boosted its stake in shares of RTX by 0.9% in the 3rd quarter. Northern Financial Advisors Inc now owns 10,506 shares of the company’s stock valued at $1,950,000 after buying an additional 97 shares during the period. Stevens Capital Partners acquired a new position in shares of RTX during the third quarter worth about $330,000. ProShare Advisors LLC increased its stake in shares of RTX by 1.0% during the third quarter. ProShare Advisors LLC now owns 217,359 shares of the company’s stock worth $40,353,000 after buying an additional 2,220 shares during the period. Vise Technologies Inc. purchased a new stake in shares of RTX during the third quarter worth approximately $14,755,000. Finally, Investment Partners LTD. purchased a new stake in shares of RTX during the third quarter worth approximately $546,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RTX. JPMorgan Chase & Co. lifted their price target on shares of RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $240.00 price objective (up from $220.00) on shares of RTX in a research report on Friday, July 24th. Robert W. Baird set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. TD Cowen decreased their price objective on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, Royal Bank Of Canada lowered their target price on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $231.24.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Quarterly dividend maintained: RTX’s board declared a cash dividend of $0.73 per share, payable December 10, 2026, to shareholders of record on November 20. The payment equates to $2.92 annually and a yield of approximately 1.4%, reinforcing the company’s shareholder-return profile. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Improving fundamental outlook: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, raised guidance, record backlog, and signs of recovering commercial aerospace demand. The stronger outlook has helped shares recover recently, although the stock remains below its 52-week high. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
• Positive Sentiment: Analyst sentiment remains favorable: The average brokerage recommendation for RTX is equivalent to a Buy. While analyst ratings should be interpreted cautiously, the consensus can provide near-term support for the stock. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Valuation remains a consideration: RTX trades at a relatively elevated earnings multiple following its recovery, so further gains may depend on continued execution, aerospace-market improvement, and delivery against raised guidance. The dividend is supportive but modest at roughly 1.4%.

RTX Price Performance

Shares of NYSE RTX opened at $200.09 on Monday. The stock’s 50-day simple moving average is $194.81 and its 200-day simple moving average is $195.55. The firm has a market capitalization of $270.01 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 2.23 and a beta of 0.30. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that RTX Corporation will post 7.67 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid a $0.73 dividend. The ex-dividend date is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. RTX’s payout ratio is currently 47.40%.

Insider Buying and Selling at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.