Associated Banc Corp Increases Stock Holdings in RTX Corporation $RTX

Associated Banc Corp increased its holdings in RTX Corporation (NYSE:RTX) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 359,025 shares of the company’s stock after acquiring an additional 5,740 shares during the quarter. RTX comprises approximately 1.7% of Associated Banc Corp’s portfolio, making the stock its 11th biggest position. Associated Banc Corp’s holdings in RTX were worth $65,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Vanguard Group Inc. lifted 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 worth $22,922,464,000 after acquiring an additional 2,210,950 shares during the period. California Public Employees Retirement System lifted its stake in RTX by 27.5% in the third quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock worth $802,640,000 after acquiring an additional 1,034,456 shares during the period. Groupama Asset Managment purchased a new stake in RTX in the third quarter worth $150,078,000. Legal & General Group Plc raised its holdings in RTX by 13.4% in the third 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. Finally, Capital Research Global Investors raised 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 in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.6%

Shares of NYSE:RTX opened at $177.06 on Friday. The stock has a market capitalization of $238.45 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.49 and a beta of 0.31. 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’s 50-day simple moving average is $188.64 and its two-hundred day simple moving average is $188.66. RTX Corporation has a 52-week low of $130.90 and a 52-week high of $214.50.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the firm earned $1.47 EPS. The business’s quarterly 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 expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is a boost from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 51.03%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total value of $2,578,577.79. Following the transaction, the executive vice president directly owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. The trade was a 43.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. DZ Bank downgraded RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. UBS Group decreased their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their price objective on RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.75.

RTX 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.