Canal Insurance CO Trims Holdings in RTX Corporation $RTX

Canal Insurance CO decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,662 shares of the company’s stock after selling 10,000 shares during the period. RTX accounts for about 3.3% of Canal Insurance CO’s holdings, making the stock its 11th largest holding. Canal Insurance CO’s holdings in RTX were worth $15,672,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RTX. Zullo Investment Group Inc. lifted its stake in RTX by 1.2% in the third quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock worth $789,000 after acquiring an additional 56 shares during the period. Arrow Financial Corp lifted its position in shares of RTX by 0.8% in the 3rd quarter. Arrow Financial Corp now owns 7,334 shares of the company’s stock worth $1,227,000 after purchasing an additional 61 shares during the period. Cornerstone Advisory LLC boosted its stake in shares of RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after purchasing an additional 64 shares in the last quarter. TFC Financial Management Inc. increased its position in shares of RTX by 3.8% during the third quarter. TFC Financial Management Inc. now owns 1,754 shares of the company’s stock valued at $294,000 after buying an additional 64 shares during the period. Finally, Briaud Financial Planning Inc raised its stake in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after buying an additional 65 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Market momentum — coverage notes RTX hit an all-time high recently, reflecting investor confidence and momentum into year-start trading. Rtx stock hits all-time high at $196.79
• Positive Sentiment: Defense spending tailwinds — analysts argue RTX is well-placed to benefit from proposed U.S. defense budget increases, which would improve multi-year revenue visibility for major contractors. Is RTX Well-Placed to Benefit From Higher Defense Spending?
• Positive Sentiment: Bullish options activity — unusually large call buying was reported (roughly 15,946 calls, ~37% above average), indicating speculative or institutional bullish positioning that can amplify near-term upside. A Closer Look at RTX’s Options Market Dynamics
• Neutral Sentiment: Stock performance write-ups — separate commentary highlights RTX outperformed the market recently, useful context but largely descriptive of price action rather than new fundamental news. RTX (RTX) Laps the Stock Market: Here’s Why
• Neutral Sentiment: Many consumer/GPU headlines (new GPUs, discounts, benchmarks, giveaways, AIB delays) reference Nvidia’s “RTX” GPU brand and have limited direct impact on RTX Corporation’s aerospace business—monitor only if semiconductor-cycle news begins to affect broader supplier markets. Examples include product/price stories and a reported delay of an Nvidia refresh. This Modular Mini PC Packs Panther Lake And A GeForce RTX 5060 Ti eGPU Dock
• Neutral Sentiment: Industry timing notes (e.g., AMD GPU roadmap, new benchmarks) are relevant to GPU markets and consumer demand but not directly to RTX Corp’s defense/aero fundamentals. AMD RDNA 5 GPUs may launch after Nvidia

Insider Buying and Selling

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

RTX Trading Down 0.1%

NYSE:RTX opened at $193.70 on Wednesday. The stock has a market cap of $259.71 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.82 and a beta of 0.44. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average price is $178.90 and its 200-day moving average price is $165.93. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $197.55.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the prior year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. UBS Group lowered RTX from a “buy” rating to a “neutral” rating and dropped their price target for the company from $202.00 to $199.00 in a research report on Monday, January 5th. Citigroup raised their price objective on RTX from $211.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group restated a “hold” rating and set a $190.00 target price on shares of RTX in a report on Tuesday, November 25th. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $189.00 price objective on shares of RTX in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.41.

About RTX

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.