Bessemer Group Inc. Increases Stock Holdings in RTX Corporation $RTX

Bessemer Group Inc. grew its position in RTX Corporation (NYSE:RTXFree Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,534 shares of the company’s stock after buying an additional 3,191 shares during the quarter. Bessemer Group Inc.’s holdings in RTX were worth $10,369,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares in the last quarter. Capital Research Global Investors increased its position in RTX by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock worth $12,750,087,000 after purchasing an additional 799,155 shares in the last quarter. Fisher Asset Management LLC increased its position in RTX by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock worth $3,543,078,000 after purchasing an additional 575,004 shares in the last quarter. Dimensional Fund Advisors LP increased its position in RTX by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,642,723 shares of the company’s stock worth $1,278,740,000 after purchasing an additional 147,940 shares in the last quarter. Finally, Legal & General Group Plc increased its position in RTX by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after purchasing an additional 846,656 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

Analysts Set New Price Targets

A number of research firms recently commented on RTX. Citigroup dropped their price objective on RTX from $238.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Wells Fargo & Company began coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective for the company. DZ Bank cut RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lifted their price objective on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $210.75.

Read Our Latest Research Report on RTX

RTX Stock Down 0.0%

RTX opened at $171.11 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The stock has a market capitalization of $230.43 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.43 and a beta of 0.31. The business has a 50-day moving average of $191.79 and a two-hundred day moving average of $188.81. RTX Corporation has a 12 month low of $130.90 and a 12 month high of $214.50.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The company 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 firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts expect that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is presently 51.03%.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 15,124 shares of RTX stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $204.65, for a total value of $3,095,126.60. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,698,105.60. The trade was a 53.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of RTX stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at $12,242,331.36. This represents a 37.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,592 shares of company stock valued at $13,023,502 in the last three months. Corporate insiders own 0.10% of the company’s stock.

About RTX

(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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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