RTX Corporation $RTX Stock Position Cut by Conning Inc.

Conning Inc. reduced its holdings in shares of RTX Corporation (NYSE:RTX) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,734 shares of the company’s stock after selling 28,929 shares during the quarter. RTX accounts for about 1.2% of Conning Inc.’s investment portfolio, making the stock its 8th largest holding. Conning Inc.’s holdings in RTX were worth $37,437,000 as of its most recent filing with the Securities and Exchange Commission.

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

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 stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Strong positioning for higher U.S. defense budgets — Analysts and sector pieces highlight that proposed increases in Pentagon spending would improve funding visibility for major contractors like RTX, which should support longer-term revenue outlooks. Is RTX Well‑Placed to Benefit From Higher Defense Spending?
• Positive Sentiment: Direct contract/milestone: Blue Canyon (an RTX unit) supplied a Saturn-200 minisatellite for NASA’s Pandora exoplanet mission — a visible win for RTX’s small-sat capabilities and recurring mission-services revenue potential. RTX provides Blue Canyon satellite for interstellar mission
• Positive Sentiment: Analyst sentiment and investor flows look constructive — consensus around a “Moderate Buy” and elevated call-option buying indicate bullish analyst/investor interest. RTX Consensus Recommendation
• Positive Sentiment: Fundamentals support the rally — recent quarterly beat and FY‑2025 EPS guidance (6.10–6.20) give earnings-driven justification for higher valuation and investor confidence. (Company filings / recent earnings release)
• Neutral Sentiment: Stock momentum / record high: Recent intraday/all‑time highs signal momentum trading and technical buying; useful context but not a fundamental driver by itself. RTX stock hits all‑time high
• Neutral Sentiment: Consumer GPU headlines are mostly unrelated — many recent headlines reference NVIDIA’s “RTX” GPU brand (supply shifts, discounts, product rollouts). Those items create newsflow but do not materially affect RTX Corporation’s defense/aerospace fundamentals. Representative coverage: NVIDIA focus on RTX 5060 series
• Negative Sentiment: Political proposals could pressure the sector — commentary about limiting defense buybacks and capping executive pay (from recent political missives) is a potential headwind if enacted; analysts currently view these proposals as unlikely to become law, but they add regulatory uncertainty. 5 Defense Stocks to Buy on Pentagon Spending Boost

RTX Stock Up 2.4%

RTX stock opened at $198.76 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a one year low of $112.27 and a one year high of $198.87. The company has a 50-day simple moving average of $179.40 and a 200-day simple moving average of $166.16. The firm has a market capitalization of $266.50 billion, a P/E ratio of 40.81, a P/E/G ratio of 2.82 and a beta of 0.44.

RTX (NYSE:RTX) last issued its quarterly earnings data 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 net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period last year, the firm posted $1.45 EPS. RTX’s quarterly 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. As a group, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on RTX. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. Bank of America lifted 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. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. Finally, Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $185.41.

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.