19,595 Shares in RTX Corporation $RTX Purchased by SEB Asset Management AB

SEB Asset Management AB acquired a new stake in shares of RTX Corporation (NYSE:RTXFree Report) in the first quarter, Holdings Channel reports. The firm acquired 19,595 shares of the company’s stock, valued at approximately $3,780,000.

Several other large investors also recently added to or reduced their stakes in RTX. Alpha Cubed Investments LLC increased its position in shares of RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares during the period. LeConte Wealth Management LLC boosted its holdings in shares of RTX by 2.3% in the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after purchasing an additional 51 shares during the period. Rydar Equities Inc. boosted its holdings in shares of RTX by 0.4% in the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after purchasing an additional 52 shares during the period. Schulhoff & Co. Inc. grew its stake in RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after purchasing an additional 52 shares in the last quarter. Finally, Howard Capital Management Inc. grew its stake in RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after purchasing an additional 53 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 0.5%

NYSE:RTX opened at $194.56 on Thursday. The company’s 50-day simple moving average is $185.57 and its 200-day simple moving average is $191.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a fifty-two week low of $149.11 and a fifty-two week high of $214.50. The stock has a market capitalization of $262.01 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.65 and a beta of 0.30.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the company earned $1.47 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts anticipate that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 54.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RTX. Jefferies Financial Group reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Wells Fargo & Company initiated coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target on the stock. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.38.

Read Our Latest Stock Report on RTX

Key Stories Impacting RTX

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RTX Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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