RTX Corporation $RTX Stock Holdings Cut by Conning Inc.

Key Points

• Conning Inc. reduced its RTX stake by 9.8% in the third quarter, selling 21,480 shares and retaining 197,103 shares valued at approximately $36.6 million. Institutional investors and hedge funds collectively own 86.5% of RTX.
• Analysts remain broadly optimistic: RTX has a “Moderate Buy” consensus rating and an average price target of $228.86, compared with shares opening at $195.91.
• RTX exceeded quarterly expectations, reporting $2.26 in adjusted EPS and $24.96 billion in revenue, while revenue increased 11.1% year over year. However, valuation and recent weakness across defense stocks could limit near-term upside.

Conning Inc. reduced its holdings in RTX Corporation (NYSE:RTX - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 197,103 shares of the company's stock after selling 21,480 shares during the quarter. Conning Inc.'s holdings in RTX were worth $36,592,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in RTX. Pine Valley Investments Ltd Liability Co increased its position in RTX by 63.2% during 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 during the period. Rokos Capital Management LLP raised 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 purchasing an additional 494,652 shares during the last quarter. Legal & General Group Plc acquired a new position in RTX during the 2nd quarter valued at $1,267,256,000. Eastern Bank raised its stake in 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 purchasing an additional 93,725 shares during the last quarter. Finally, Corient Private Wealth LP boosted its holdings in RTX by 2,669.1% in the 2nd quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company's stock valued at $265,604,000 after purchasing an additional 1,349,350 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the company a "buy" rating in a report on Sunday, July 26th. Susquehanna boosted their price objective on shares of RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a report on Friday, July 24th. Rothschild & Co Redburn upped 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. The Goldman Sachs Group upped their price objective on shares of RTX from $195.00 to $206.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Finally, Sanford C. Bernstein reduced their target price on shares of RTX from $223.00 to $214.00 and set a "market perform" rating for the company in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $228.86.

RTX Stock Up 0.7%

Shares of RTX stock opened at $195.91 on Thursday. The stock has a market cap of $264.37 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 2.24 and a beta of 0.31. RTX Corporation has a one year low of $166.74 and a one year high of $226.88. The stock has a fifty day moving average price of $195.47 and a 200 day moving average price of $195.46. 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 announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. Analysts predict that RTX Corporation will post 7.57 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares of the company's stock, valued at $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Long-term Collins Aerospace contract: Air Europa extended its exclusive Boeing 787 nacelle-maintenance agreement with RTX’s Collins Aerospace through 2037. The renewal provides long-term recurring aftermarket revenue and supports fleet reliability, although the financial contribution was not disclosed. Air Europa extends exclusive Boeing 787 nacelle maintenance agreement
• Positive Sentiment: Strong backlog and recent earnings: RTX’s record backlog is approximately $340 billion, including $164 billion in defense orders. Its latest quarter also showed 11.1% year-over-year revenue growth, with earnings and sales exceeding analyst expectations. These factors reinforce visibility into future revenue and cash flow. Better Defense Stock to Own Through 2030: Palantir vs. RTX Corporation
• Neutral Sentiment: Investor focus remains elevated: Articles are debating whether RTX’s multiyear rally and roughly 32-times earnings valuation are justified by its cash-generation potential, backlog and aerospace exposure. Analysts generally view the company as well positioned, but future gains may depend on continued execution and free-cash-flow growth. RTX: buy, sell, or hold post Q3 earnings?
• Negative Sentiment: Sector weakness and valuation risk: Defense stocks recently experienced an unusually prolonged losing streak, with the aerospace and defense ETF giving back its 2026 gains. That weakness could limit RTX’s near-term upside, particularly after its substantial three-year advance and with the stock trading at a premium to historical levels. 9 Defense Stocks to Watch Before the Next Big Rally

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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