Allstate Corp Buys 46,031 Shares of RTX Corporation $RTX

Allstate Corp increased its stake in RTX Corporation (NYSE:RTX) by 1,733.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,687 shares of the company’s stock after buying an additional 46,031 shares during the quarter. Allstate Corp’s holdings in RTX were worth $8,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of RTX. State Street Corp raised its stake in RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after acquiring an additional 552,009 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of RTX by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock valued at $192,333,000 after purchasing an additional 16,034 shares during the last quarter. MGO One Seven LLC increased its position in RTX by 10.2% during the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after purchasing an additional 2,554 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in RTX by 28,295.2% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock valued at $1,741,000 after purchasing an additional 11,884 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc bought a new stake in shares of RTX during the second quarter worth $431,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction 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 completion of the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by company insiders.

RTX Trading Up 1.2%

NYSE:RTX opened at $202.13 on Monday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $202.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm’s fifty day moving average is $180.39 and its 200-day moving average is $167.10. The firm has a market cap of $271.01 billion, a P/E ratio of 41.51, a P/E/G ratio of 2.92 and a beta of 0.44.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders 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 1.3%. RTX’s dividend payout ratio (DPR) is 55.85%.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. UBS Group downgraded RTX from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $202.00 to $199.00 in a research note on Monday, January 5th. Susquehanna reissued a “positive” rating and set a $230.00 target price on shares of RTX in a report on Thursday. Finally, BNP Paribas Exane assumed coverage on shares of RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price target for the company. 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. According to data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $186.88.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Strong fundamentals & guidance — RTX reported a solid Q3 with revenue up ~12% year/year, an EPS beat and set FY‑2025 guidance (6.10–6.20 EPS), giving investors confidence in near‑term earnings growth.
• Positive Sentiment: Analyst/upgrades and price targets — Multiple firms (Citigroup, BofA, UBS, JP Morgan and others) have recent Buy/Overweight ratings and several price targets above current levels, supporting upward momentum; median analyst target remains above many prior levels. QuiverQuant RTX note
• Positive Sentiment: Zacks style/quality lift — Zacks highlights RTX as a strong growth stock under its style scores, which can attract momentum and quant-driven flows. Zacks: Here’s Why RTX is a Strong Growth Stock
• Neutral Sentiment: GPU/memory supply headlines (NVIDIA/ASUS) — A wave of articles about Nvidia/ASUS ending or pausing RTX 5070 Ti/5060 Ti production and memory shortages is dominating tech news but is only tangential to RTX (a defense/aerospace firm). These reports may affect component suppliers broadly but are unlikely to be a direct driver for RTX today. ExtremeTech GPU memory story The Verge ASUS clarification PCMag Nvidia shipping update
• Negative Sentiment: Political risk / contract-threat chatter — Social media and news summaries flagged a high‑profile threat from political leadership to cut government contracts; that controversy creates headline risk and uncertainty around future defense awards. QuiverQuant RTX note
• Negative Sentiment: Insider selling & institutional rebalancing — QuiverQuant flags notable insider sell activity (multiple senior execs selling) and large institutional reductions (State Street removed a big position), which can weigh on sentiment and signal portfolio trimming. QuiverQuant insider/flows detail

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.