RTX Corporation $RTX Shares Bought by ABN AMRO Bank N.V.

Key Points

• ABN AMRO Bank N.V. increased its RTX stake by 19.1% in the first quarter, buying 8,143 more shares and bringing its holdings to 50,802 shares worth about $9.8 million.
• RTX’s board declared a quarterly dividend of 73 cents per share, up from 68 cents, underscoring continued cash returns to shareholders.
• RTX also secured a $1.1 billion U.S. Navy contract through Raytheon to produce AIM-9X Block II missiles, adding to its backlog and supporting defense demand.

ABN AMRO Bank N.V. raised its stake in RTX Corporation (NYSE:RTX - Free Report) by 19.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 50,802 shares of the company's stock after purchasing an additional 8,143 shares during the period. ABN AMRO Bank N.V.'s holdings in RTX were worth $9,818,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in 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 buying an additional 2,210,950 shares in the last quarter. State Street Corp lifted its stake in RTX by 0.7% during the fourth quarter. State Street Corp now owns 91,884,588 shares of the company's stock worth $16,851,633,000 after purchasing an additional 630,558 shares during the last quarter. Capital Research Global Investors boosted its holdings in RTX by 1.1% in the third 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 during the period. Morgan Stanley boosted its holdings in RTX by 0.4% in the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock worth $5,462,310,000 after purchasing an additional 105,069 shares during the period. Finally, Fisher Asset Management LLC increased its stake in RTX by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock valued at $3,998,155,000 after purchasing an additional 625,994 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s board declared a quarterly cash dividend of 73 cents per share, reinforcing its shareholder-return profile and signaling management confidence in cash generation. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raytheon, an RTX business, won a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, adding to backlog and highlighting continued demand from the U.S. military and allied nations. RTX's Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
• Positive Sentiment: Several recent articles continued to frame RTX as a long-term growth and defense beneficiary, which can support investor sentiment even without a new operational catalyst. Why RTX (RTX) is a Top Growth Stock for the Long-Term

RTX Price Performance

Shares of NYSE:RTX opened at $187.87 on Friday. The firm's 50 day moving average is $180.26 and its two-hundred day moving average is $190.03. RTX Corporation has a 52 week low of $141.93 and a 52 week high of $214.50. The firm has a market capitalization of $253.00 billion, a P/E ratio of 35.25, a PEG ratio of 2.66 and a beta of 0.31. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) 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 period in the previous year, the firm posted $1.47 earnings per share. The business's revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from RTX's previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. RTX's dividend payout ratio (DPR) is currently 54.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RTX. Wall Street Zen downgraded shares of RTX from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 26th. UBS Group lowered their price objective on shares of RTX from $209.00 to $199.00 and set a "neutral" rating for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on shares of RTX in a research note on Wednesday, April 1st. They set an "equal weight" rating and a $200.00 price objective on the stock. Weiss Ratings cut shares of RTX from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Finally, Citigroup restated a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $211.38.

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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