RTX Corporation $RTX Shares Sold by AIA Group Ltd

Key Points

• AIA Group cut its RTX stake by 33.2% in the third quarter, selling 30,283 shares and retaining 61,045 shares worth about $11.3 million. Institutional investors collectively own 86.5% of RTX stock.
• Analysts hold a “Moderate Buy” consensus rating, with an average price target of $231.24; recent calls included price-target increases from Barclays and Morgan Stanley, while Deutsche Bank downgraded RTX to Hold.
• RTX reported quarterly EPS of $2.26, beating estimates of $1.78, while revenue rose 11.1% year over year to $24.96 billion. The company also announced a quarterly dividend of $0.73 per share.

AIA Group Ltd decreased its holdings in RTX Corporation (NYSE:RTX - Free Report) by 33.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,045 shares of the company's stock after selling 30,283 shares during the period. AIA Group Ltd's holdings in RTX were worth $11,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Montz Harcus Wealth Management LLC grew its holdings in shares of RTX by 3.2% during the second quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company's stock worth $311,000 after purchasing an additional 51 shares during the last quarter. IMG Wealth Management Inc. grew its position in shares of RTX by 5.7% during the third quarter. IMG Wealth Management Inc. now owns 958 shares of the company's stock worth $178,000 after acquiring an additional 52 shares during the last quarter. Safeguard Investment Advisory Group LLC increased its holdings in shares of RTX by 2.4% in the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company's stock valued at $430,000 after acquiring an additional 53 shares during the period. Global View Capital Management LLC increased its holdings in shares of RTX by 4.0% in the 3rd quarter. Global View Capital Management LLC now owns 1,373 shares of the company's stock valued at $255,000 after acquiring an additional 53 shares during the period. Finally, Investment Research Partners LLC increased its holdings in shares of RTX by 2.3% in the 3rd quarter. Investment Research Partners LLC now owns 2,502 shares of the company's stock valued at $464,000 after acquiring an additional 56 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of RTX from $223.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Robert W. Baird set a $240.00 price target on RTX in a research note on Friday, July 24th. Rothschild & Co Redburn lifted their price objective on shares of RTX from $180.00 to $215.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft cut shares of RTX from a "buy" rating to a "hold" rating and set a $208.00 price objective on the stock. in a research note on Tuesday, October 13th. Finally, Morgan Stanley restated an "overweight" rating and set a $240.00 price objective (up from $220.00) on shares of RTX in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $231.24.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya Williams sold 9,071 shares of the company's stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president directly owned 16,930 shares in the company, valued at $3,414,781. This trade represents a 34.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, won a phase-one DARPA contract to develop all-optical signal processing for the PICASSO program. The technology is intended to help military operators detect and respond to threats faster, adding to RTX’s defense-technology pipeline, though the initial award is an early-stage development contract. Article: RTX's Raytheon to develop new optical signal processing capability
• Positive Sentiment: A commentary highlighted potential longer-term demand for RTX’s Patriot, radar, and counter-drone systems as militaries replenish weapons and expand air defenses. This is an industry-demand thesis rather than a newly announced order for RTX. Article: Why I’m Watching This Missile Defense Giant as America Rearms for Drone Warfare
• Neutral Sentiment: Wall Street analysts were described as cautiously optimistic, reflecting RTX’s past outperformance but not signaling a clear near-term change in expectations. Article: Are Wall Street Analysts Bullish on RTX Corporation Stock?
• Negative Sentiment: EVP Dantaya Williams sold 9,071 shares for about $1.83 million, reducing her holdings by roughly 35%. Insider sales can weigh on sentiment, although the filing alone does not establish the reason for the transaction. SEC filing for the insider transaction

RTX Price Performance

RTX stock opened at $203.70 on Wednesday. RTX Corporation has a one year low of $166.74 and a one year high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The business has a fifty day moving average of $194.55 and a two-hundred day moving average of $195.62. The company has a market cap of $274.88 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 2.26 and a beta of 0.30.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.48. The business had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business's revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 EPS. As a group, analysts predict that RTX Corporation will post 7.67 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.4%. RTX's payout ratio is currently 47.40%.

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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