RTX Corporation $RTX Stock Sold by Arnhold LLC

Key Points

• Arnhold LLC reduced its RTX stake by 22.3% in the third quarter, selling 34,381 shares and retaining 119,909 shares valued at approximately $22.3 million.
• RTX reported strong quarterly results, with earnings of $2.26 per share and revenue of about $25 billion, exceeding analyst expectations and growing 11.1% year over year.
• Analysts remain broadly positive, giving RTX a consensus “Moderate Buy” rating and an average price target of $228.32, compared with shares opening at $197.45.

Arnhold LLC cut its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,909 shares of the company's stock after selling 34,381 shares during the period. RTX comprises approximately 1.6% of Arnhold LLC's investment portfolio, making the stock its 21st biggest position. Arnhold LLC's holdings in RTX were worth $22,261,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in RTX during the 2nd quarter worth approximately $20,970,571,000. State Street Corp raised its stake in shares of RTX by 3.1% during the second quarter. State Street Corp now owns 95,417,318 shares of the company's stock valued at $18,103,528,000 after acquiring an additional 2,828,056 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RTX by 5.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company's stock worth $1,649,501,000 after purchasing an additional 411,356 shares during the period. Amundi lifted its holdings in shares of RTX by 4.0% during the second quarter. Amundi now owns 7,768,207 shares of the company's stock worth $1,473,862,000 after purchasing an additional 295,964 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of RTX during the second quarter worth $1,456,256,000. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on RTX. Jefferies Financial Group set a $250.00 target price on RTX and gave the stock a "buy" rating in a report on Sunday, July 26th. Wells Fargo & Company increased their price target on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft downgraded RTX from a "buy" rating to a "hold" rating and set a $208.00 price objective for the company. in a research report on Tuesday, October 13th. DA Davidson lifted their price objective on RTX from $192.00 to $219.00 and gave the stock a "neutral" rating in a research note on Monday, July 27th. Finally, Argus set a $245.00 target price on RTX and gave the company a "buy" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $228.32.

RTX Price Performance

Shares of RTX opened at $197.45 on Tuesday. The business's fifty day moving average is $196.62 and its 200 day moving average is $195.37. RTX Corporation has a 12-month low of $166.74 and a 12-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 stock has a market cap of $266.45 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.24 and a beta of 0.31.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that RTX Corporation will post 7.57 earnings per share for the current fiscal year.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is being positioned as a leading beneficiary of rising global defense spending. One analysis cited a 4.57x defense book-to-bill ratio and 36% year-over-year backlog growth, supporting stronger long-term revenue visibility and capacity investment. My Favorite Way To Cash In On A $740 Billion Defense Boom
• Positive Sentiment: Analyst comparisons with General Dynamics suggest RTX has meaningful upside potential from defense-budget expansion, contract wins and its diversified aerospace and defense operations, although valuation remains an important consideration. RTX vs. GD: Which Defense Stock Has Greater Upside Potential?
• Positive Sentiment: Recent investment coverage highlighted RTX among companies reporting strong quarterly results, citing a backlog of approximately $340 billion. This reinforces expectations for sustained demand across commercial aerospace and defense. Zacks Investment Ideas feature highlights: Valero Energy, RTX and Interactive Brokers
• Positive Sentiment: RTX’s latest reported quarter showed adjusted earnings of $2.26 per share versus a $1.78 consensus estimate, while revenue reached $24.97 billion, up 11.1% year over year and above expectations. The results support the current bullish sentiment.
• Neutral Sentiment: Several of the other headlines concern NVIDIA’s GeForce RTX graphics cards, RTX 5090 supply, RTX Spark laptops and GPU firmware. Those products belong to NVIDIA, not RTX Corporation, and therefore have no direct effect on RTX stock.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm'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 completion of the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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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