RTX Corporation $RTX Stock Acquired by Sanders Capital LLC

Key Points

• Sanders Capital increased its RTX holdings by 7,850 shares in the third quarter, bringing its position to 9.29 million shares valued at about $1.72 billion.
• RTX reported quarterly EPS of $2.26, topping the $1.78 consensus, while revenue rose 11.1% year over year to $24.96 billion.
• Analysts give RTX a consensus “Moderate Buy” rating and an average price target of $231.24; the company also declared a quarterly dividend of $0.73 per share.

Sanders Capital LLC increased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,285,728 shares of the company's stock after purchasing an additional 7,850 shares during the quarter. RTX makes up approximately 1.7% of Sanders Capital LLC's portfolio, making the stock its 18th biggest position. Sanders Capital LLC owned approximately 0.69% of RTX worth $1,723,895,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fortress Financial Group LLC acquired a new position in shares of RTX in the 2nd quarter valued at $358,000. Evergreen Advisors LLC acquired a new stake in RTX during the 1st quarter worth $31,000. Signature Resources Capital Management LLC raised its stake in RTX by 111.5% during the 1st quarter. Signature Resources Capital Management LLC now owns 184 shares of the company's stock worth $36,000 after acquiring an additional 97 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in RTX during the 2nd quarter worth $36,000. Finally, Next Level Wealth Planning LLC purchased a new stake in RTX in the third quarter valued at $41,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of NYSE:RTX traded down $2.29 on Friday, reaching $189.59. The company's stock had a trading volume of 5,018,540 shares, compared to its average volume of 5,673,198. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88. The stock has a market capitalization of $255.84 billion, a P/E ratio of 30.78, a PEG ratio of 2.26 and a beta of 0.30. The stock's 50-day moving average is $193.46 and its two-hundred day moving average is $195.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter last year, the company posted $1.70 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that RTX Corporation will post 7.68 EPS for the current year.

RTX Announces Dividend

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 given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX's dividend payout ratio (DPR) is 47.40%.

Analyst Ratings Changes

Several brokerages have issued reports on RTX. DA Davidson raised their price objective on RTX from $192.00 to $219.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. UBS Group boosted their target price on RTX from $209.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, October 21st. Rothschild & Co Redburn upped their target price on RTX from $180.00 to $215.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. The Goldman Sachs Group raised their price target on RTX from $195.00 to $206.00 and gave the stock a "neutral" rating in a research note on Monday, July 27th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $240.00 price target (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 assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus price target of $231.24.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction 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 approximately $3,414,781. The trade was a 34.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company's stock.

RTX News Summary

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

RTX Profile

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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