Auto Owners Insurance Co Sells 277,632 Shares of RTX Corporation $RTX

Key Points

• Auto Owners Insurance Co cut its stake in RTX by 87.2% in Q3, selling 277,632 shares and leaving 40,687 shares valued at about $6.81 million.
• Corporate insiders have been net sellers recently—89,255 shares worth roughly $18.15 million were sold over the last three months, including notable sales by VP Kevin G. Dasilva and EVP Ramsaran Maharajh.
• RTX beat Q results (EPS $1.55 vs. $1.47 estimate; revenue $24.24B vs. $22.65B), set FY2026 guidance of 6.60–6.80 EPS, and announced a quarterly dividend of $0.68 (annual $2.72, yield ~1.3%).

Auto Owners Insurance Co lessened its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 87.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,687 shares of the company's stock after selling 277,632 shares during the quarter. Auto Owners Insurance Co's holdings in RTX were worth $6,808,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas acquired a new position in RTX in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $30,000. SOA Wealth Advisors LLC. lifted its stake in RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company's stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Wexford Capital LP bought a new position in RTX during the third quarter worth about $33,000. Finally, Dogwood Wealth Management LLC boosted its stake in shares of RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company's stock worth $34,000 after acquiring an additional 75 shares during the period. 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: Collins Aerospace (RTX unit) began electric motor drive system testing for the EU Clean Aviation SWITCH project — a technical milestone that supports future hybrid‑electric demonstrators and underpins commercial aerospace revenue opportunities. Read More.
• Positive Sentiment: Analysts and industry write-ups highlight accelerating missile/missile‑defense demand and Pentagon awards that should lift RTX’s defense backlog and margins over time — a key medium‑term growth driver. These bullish takes support upside to consensus forecasts. Read More.
• Positive Sentiment: Broker coverage remains constructive: recent analyst notes reiterate upside (~11% from some targets) and call out RTX as a beneficiary of aerospace/defense secular trends, providing support for the stock vs. peers. Read More.
• Neutral Sentiment: Valuation/technical analysis pieces show mixed fair‑value signals after strong multi‑month returns — helpful context for investors but not a catalyst by itself. Read More.
• Neutral Sentiment: Multiple headlines about “RTX” branded GPUs (NVIDIA’s GeForce RTX 50 series, DLSS 5, and consumer PC deals) are driving tech/gaming coverage; these refer to NVIDIA’s RTX brand and are largely unrelated to RTX Corporation, though they can create short‑term headline noise and investor confusion. Read More.
• Negative Sentiment: Market commentators flagged a price pullback/underperformance versus the broader market today, signaling short‑term profit‑taking after recent gains; such flows can pressure shares even when fundamentals remain strong. Read More.

Insider Buying and Selling

In related news, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the sale, the vice president directly owned 27,102 shares of the company's stock, valued at approximately $5,455,632.60. This represents a 23.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 15,124 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,698,105.60. This trade represents a 53.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 over the last three months. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on RTX. Susquehanna reiterated a "positive" rating and issued a $230.00 price target on shares of RTX in a research note on Thursday, January 15th. Sanford C. Bernstein reissued a "market perform" rating and set a $204.00 target price on shares of RTX in a report on Thursday, January 29th. Citigroup lifted their price objective on shares of RTX from $227.00 to $238.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research note on Friday, March 6th. Finally, Wolfe Research reiterated an "outperform" rating on shares of RTX in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and a consensus price target of $202.00.

RTX Stock Down 1.3%

Shares of NYSE RTX opened at $203.32 on Wednesday. The firm has a fifty day simple moving average of $200.28 and a two-hundred day simple moving average of $181.22. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $273.66 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 2.98 and a beta of 0.42. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $214.50.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.08. The firm had revenue of $24.24 billion for the quarter, compared to the consensus estimate of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. 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 will be paid on Thursday, March 19th. Shareholders of record on Friday, February 20th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, February 20th. RTX's dividend payout ratio is 54.84%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.