Pictet Asset Management Holding SA Purchases 12,520 Shares of RTX Corporation $RTX

Pictet Asset Management Holding SA lifted its position in RTX Corporation (NYSE:RTX - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 585,572 shares of the company's stock after buying an additional 12,520 shares during the period. Pictet Asset Management Holding SA's holdings in RTX were worth $107,394,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RTX. Vanguard Group Inc. raised its holdings in shares of RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of RTX by 27.5% during the third quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company's stock valued at $802,640,000 after purchasing an additional 1,034,456 shares during the last quarter. Groupama Asset Managment purchased a new position in shares of RTX during the third quarter valued at approximately $150,078,000. Legal & General Group Plc raised its holdings in shares of RTX by 13.4% during the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company's stock valued at $1,199,338,000 after purchasing an additional 846,656 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of RTX by 1.1% during the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company's stock valued at $12,750,087,000 after purchasing an additional 799,155 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX opened at $173.29 on Tuesday. The firm has a market cap of $233.36 billion, a P/E ratio of 32.51, a PEG ratio of 2.49 and a beta of 0.43. RTX Corporation has a 1-year low of $123.60 and a 1-year high of $214.50. The company has a 50 day simple moving average of $198.43 and a two-hundred day simple moving average of $188.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts forecast that RTX Corporation will post 6.85 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 20th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, February 20th. RTX's dividend payout ratio is presently 51.03%.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 8,136 shares of the company's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $201.30, for a total value of $1,637,776.80. Following the completion of the transaction, the vice president directly owned 27,102 shares in the company, valued at $5,455,632.60. This represents a 23.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company's stock, valued at approximately $12,242,331.36. The trade was a 37.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 89,255 shares of company stock valued at $18,151,956. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RTX. Citigroup decreased their price objective on shares of RTX from $238.00 to $226.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. TD Cowen reissued a "buy" rating on shares of RTX in a report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on shares of RTX from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, January 28th. Finally, UBS Group decreased their price objective on shares of RTX from $209.00 to $199.00 and set a "neutral" rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average price target of $206.59.

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.

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