Eastern Bank Acquires 41,461 Shares of RTX Corporation $RTX

Eastern Bank grew its holdings in shares of RTX Corporation (NYSE:RTX) by 108.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 79,799 shares of the company’s stock after purchasing an additional 41,461 shares during the period. Eastern Bank’s holdings in RTX were worth $13,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in RTX by 1.9% during the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after buying an additional 2,238,247 shares during the last quarter. State Street Corp increased its holdings in shares of RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after acquiring an additional 552,009 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of RTX by 4.2% in the 2nd quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company’s stock worth $3,007,894,000 after purchasing an additional 837,268 shares during the last quarter. Norges Bank bought a new position in RTX in the 2nd quarter worth about $2,359,602,000. Finally, Massachusetts Financial Services Co. MA grew its position in RTX by 9.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after purchasing an additional 1,361,071 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key Stories Impacting RTX

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RTX shares. The Goldman Sachs Group upped their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Bank of America boosted their price objective on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. BNP Paribas Exane initiated coverage on RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $189.00 target price on shares of RTX in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. boosted their price target on RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $185.41.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the 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 transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by insiders.

RTX Trading Down 0.1%

Shares of RTX stock opened at $193.70 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $197.55. The stock has a market capitalization of $259.71 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.82 and a beta of 0.44. The firm’s 50 day moving average is $178.90 and its 200 day moving average is $165.93.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share 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 firm 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 earned $1.45 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, November 21st. RTX’s payout ratio is currently 55.85%.

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.