Pictet Asset Management Holding SA increased its holdings in RTX Corporation (NYSE:RTX – Free Report) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650,903 shares of the company’s stock after acquiring an additional 80,747 shares during the quarter. Pictet Asset Management Holding SA’s holdings in RTX were worth $120,840,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in RTX. Pegasus Asset Management Inc. boosted its stake in RTX by 1.1% during the third quarter. Pegasus Asset Management Inc. now owns 53,005 shares of the company’s stock worth $9,840,000 after acquiring an additional 566 shares in the last quarter. Flagship Wealth Advisors LLC grew its holdings in RTX by 25.1% in the third quarter. Flagship Wealth Advisors LLC now owns 5,228 shares of the company’s stock worth $971,000 after purchasing an additional 1,048 shares during the period. Plancorp LLC increased its stake in shares of RTX by 23.9% during the third quarter. Plancorp LLC now owns 3,868 shares of the company’s stock valued at $773,000 after purchasing an additional 747 shares in the last quarter. Phoenix Wealth Advisors increased its stake in shares of RTX by 25.6% during the third quarter. Phoenix Wealth Advisors now owns 1,523 shares of the company’s stock valued at $283,000 after purchasing an additional 310 shares in the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of RTX by 29.2% during the third quarter. Alps Advisors Inc. now owns 41,683 shares of the company’s stock valued at $7,738,000 after purchasing an additional 9,430 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.
RTX News Roundup
Here are the key news stories impacting RTX this week:
- Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
- Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
- Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
- Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
- Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling
Insider Activity
In related news, EVP Dantaya Williams sold 9,071 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the transaction, the executive vice president directly owned 16,930 shares in the company, valued at approximately $3,414,781. The trade was a 34.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Royal Bank Of Canada dropped their price target on RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. Barclays lifted their price objective on RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft downgraded RTX from a “buy” rating to a “hold” rating and set a $208.00 target price on the stock. in a report on Tuesday, October 13th. Finally, UBS Group increased their target price on RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $231.24.
Get Our Latest Research Report on RTX
RTX Stock Up 0.0%
Shares of RTX stock opened at $189.59 on Monday. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $193.46 and its 200 day moving average is $195.52. The company has a market cap of $255.84 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.30.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. RTX’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. Research analysts anticipate that RTX Corporation will post 7.68 EPS for the current year.
RTX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s payout ratio is currently 47.40%.
About RTX
RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.
Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.
RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.
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