Himension Capital Singapore PTE. LTD. Invests $2.22 Million in RTX Corporation $RTX

Himension Capital Singapore PTE. LTD. bought a new position in shares of RTX Corporation (NYSE:RTX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,528 shares of the company’s stock, valued at approximately $2,224,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in RTX by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after buying an additional 2,210,950 shares in the last quarter. State Street Corp boosted its position in shares of RTX by 0.7% during the 4th quarter. State Street Corp now owns 91,884,588 shares of the company’s stock worth $16,851,633,000 after acquiring an additional 630,558 shares in the last quarter. Morgan Stanley boosted its position in shares of RTX by 0.4% during the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock worth $5,462,310,000 after acquiring an additional 105,069 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock valued at $3,998,155,000 after acquiring an additional 625,994 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of RTX in the 4th quarter valued at about $3,167,626,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.4%

RTX opened at $193.63 on Wednesday. RTX Corporation has a one year low of $143.56 and a one year 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 stock has a market capitalization of $260.76 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 2.66 and a beta of 0.30. The business’s 50-day simple moving average is $185.24 and its 200-day simple moving average is $191.81.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) 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 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. Analysts anticipate that RTX Corporation will post 6.92 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a $0.73 dividend. 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%.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Morgan Stanley dropped their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $211.38.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon UK, part of RTX, won a £2 billion, 15-year British Army collective training contract, adding a large long-term defense revenue stream. RTX (RTX) Could Be 10% Undervalued After The British Army Training Contract
• Positive Sentiment: RTX’s Raytheon unit received a $1.8 billion contract extension for SPY-6 radar production and sustainment for the U.S. Navy, reinforcing defense demand and backlog strength. RTX’s Raytheon awarded $1.8 billion hardware production and sustainment contract for SPY-6 family of radars
• Positive Sentiment: Pratt & Whitney Canada announced a C$275 million investment in its Longueuil facility, with government support, which should help expand manufacturing capacity and long-term production efficiency. RTX’s Pratt & Whitney Canada to invest $275 million CAD in Longueuil facility, with support from the Canadian and Quebec governments
• Positive Sentiment: Pratt & Whitney GTF engines were selected for 15 additional Tigerair Taiwan A321neo aircraft, and BOC Aviation confirmed an order for up to 220 GTF engines, both of which add to future engine sales and services revenue. RTX’s Pratt & Whitney GTF™ engines to power 15 additional Tigerair Taiwan A320neo family aircraft BOC Aviation confirms order for up to 220 engines from RTX’s Pratt & Whitney
• Positive Sentiment: British Airways selected RTX’s Pratt & Whitney GTF engines for up to 63 A320neo aircraft, with a long-term maintenance agreement that should support recurring aftermarket revenue. British Airways selects RTX’s Pratt & Whitney GTF™ engines to power up to 63 Airbus A320neo aircraft
• Positive Sentiment: RTX also announced a nacelle MRO joint venture in Abu Dhabi with Etihad Engineering, expanding its maintenance footprint in a growing market. RTX’s Collins Aerospace and Etihad Engineering create nacelle MRO joint venture
• Neutral Sentiment: RTX heads into upcoming Q2 earnings with analysts expecting revenue and EPS growth, supported by a strong backlog and continued aerospace/defense demand. Should You Buy, Hold or Sell RTX Stock Ahead of Q2 Earnings?

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.