Robbins Farley trimmed its holdings in shares of RTX Corporation (NYSE:RTX – Free Report) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,472 shares of the company’s stock after selling 3,869 shares during the period. Robbins Farley’s holdings in RTX were worth $4,172,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pine Valley Investments Ltd Liability Co boosted its holdings in RTX by 63.2% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock worth $6,535,000 after acquiring an additional 13,118 shares in the last quarter. Rokos Capital Management LLP lifted its stake in RTX by 804.3% during the 1st quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock valued at $107,265,000 after acquiring an additional 494,652 shares during the period. Legal & General Group Plc purchased a new stake in shares of RTX during the 2nd quarter valued at about $1,267,256,000. Eastern Bank boosted its holdings in shares of RTX by 112.0% during the 3rd quarter. Eastern Bank now owns 177,392 shares of the company’s stock valued at $32,933,000 after acquiring an additional 93,725 shares during the last quarter. Finally, Corient Private Wealth LP boosted its holdings in shares of RTX by 2,669.1% during the 2nd quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company’s stock valued at $265,604,000 after acquiring an additional 1,349,350 shares during the last quarter. 86.50% of the stock is owned by institutional investors.
RTX News Roundup
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Q3 results exceeded expectations. Adjusted earnings per share reached $2.26, versus the $1.78 analyst consensus, while revenue rose 11.1% year over year to approximately $25 billion. RTX Reports Q3 2026 Results
- Positive Sentiment: RTX raised its 2026 outlook for the third time this year. The company now expects adjusted sales of $97 billion to $97.5 billion, up from its previous $95 billion-$96 billion range, supported by double-digit growth and improved operating performance. RTX lifts 2026 forecasts
- Positive Sentiment: Record backlog improves revenue visibility. More than $81 billion in new commercial and defense awards during the quarter lifted total backlog to a record $340 billion. Management also said missile contracts provide nearly a decade of demand visibility. RTX Lifts Forecast
- Positive Sentiment: Defense wins add to growth momentum. RTX secured $729 million in counter-drone LIDS contracts, including its first international KuRFS and Coyote sales, while Raytheon’s Javelin joint venture received a $215 million U.S. Army launcher contract. RTX Secures LIDS Contracts
- Positive Sentiment: New aerospace products could support longer-term growth. Pratt & Whitney Canada introduced its certified PT9 turboprop engine, offering 33% more power at altitude and 20% lower fuel consumption than prior-generation engines. Collins Aerospace also launched its Tower MicroELITE air-traffic surveillance system. Pratt & Whitney Canada introduces PT9 engine
- Negative Sentiment: Cash-flow quality remains a consideration. A portion of the improvement in operating cash flow came from selling receivables, which may be less repeatable than cash generated from core operations. RTX cash recovery from receivables
RTX Stock Performance
Shares of RTX opened at $193.16 on Wednesday. The firm has a market capitalization of $260.34 billion, a P/E ratio of 34.01, a PEG ratio of 2.47 and a beta of 0.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a one year low of $166.74 and a one year high of $226.88. The business has a fifty day moving average of $198.46 and a 200 day moving average of $193.68.
RTX (NYSE:RTX – Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 13.99% and a net margin of 8.28%. The company had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. RTX’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts anticipate that RTX Corporation will post 7.23 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on RTX shares. Rothschild & Co Redburn lifted their price target on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. TD Cowen decreased their price objective on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, October 9th. Royal Bank Of Canada lowered their price objective on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Sanford C. Bernstein dropped their target price on shares of RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a report on Thursday, October 15th. Finally, Argus set a $245.00 target price on shares of RTX and gave the stock a “buy” rating in a report on Thursday, July 30th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.75.
Read Our Latest Analysis on RTX
Insider Buying and Selling at RTX
In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 in the last three months. 0.10% of the stock is currently owned by company insiders.
RTX Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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