State of Michigan Retirement System Decreases Stock Position in RTX Corporation $RTX

Key Points

• State of Michigan Retirement System trimmed its stake in RTX by 10.2% in Q4, selling 39,932 shares and leaving it with 351,000 shares valued at $64,373,000.
• RTX beat quarterly estimates with $1.78 EPS (vs. $1.52 expected) and $22.08B revenue (up 8.7% YoY), and issued FY2026 guidance of $6.60–$6.80 per share.
• Significant insider selling occurred recently—EVPs Dantaya M. Williams and Ramsaran Maharajh sold 12,713 and 15,124 shares respectively, and insiders have sold 89,255 shares worth $18.15M over the past 90 days.

State of Michigan Retirement System cut its holdings in RTX Corporation (NYSE:RTX - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,000 shares of the company's stock after selling 39,932 shares during the quarter. State of Michigan Retirement System's holdings in RTX were worth $64,373,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RTX. BNP Paribas purchased a new position in shares of RTX in the third quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of RTX during the third quarter valued at $30,000. SOA Wealth Advisors LLC. boosted its position in shares of RTX by 57.4% during the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company's stock valued at $32,000 after buying an additional 70 shares during the last quarter. Wexford Capital LP bought a new stake in RTX in the 3rd quarter worth about $33,000. Finally, Dogwood Wealth Management LLC increased its holdings in RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company's stock worth $34,000 after buying an additional 75 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the transaction, the executive vice president owned 16,749 shares in the company, valued at $3,397,199.67. This trade represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 15,124 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at $2,698,105.60. This trade represents a 53.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 89,255 shares of company stock worth $18,151,956. Insiders own 0.10% of the company's stock.

RTX Trading Up 0.1%

RTX stock opened at $174.42 on Monday. The business has a 50-day simple moving average of $198.96 and a two-hundred day simple moving average of $187.93. The company has a market cap of $234.89 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.49 and a beta of 0.43. RTX Corporation has a 52-week low of $122.41 and a 52-week high of $214.50. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion for the quarter, compared to analysts' expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts predict that RTX Corporation will post 6.85 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 20th were given a $0.68 dividend. The ex-dividend date was Friday, February 20th. This represents a $2.72 annualized dividend and a yield of 1.6%. RTX's dividend payout ratio (DPR) is presently 51.03%.

Analyst Upgrades and Downgrades

RTX has been the topic of several research analyst reports. Jefferies Financial Group lowered their target price on shares of RTX from $225.00 to $210.00 and set a "hold" rating on the stock in a research note on Monday, April 13th. Vertical Research reiterated a "buy" rating and issued a $227.00 price target on shares of RTX in a research note on Tuesday, January 27th. Weiss Ratings restated a "buy (b)" rating on shares of RTX in a research report on Friday, April 10th. Susquehanna restated a "positive" rating and issued a $230.00 target price on shares of RTX in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of RTX from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $206.59.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: NPS Foundation names RTX a foundational partner of the Naval Innovation Center, underscoring ongoing defense relationships and program visibility that support long‑term revenue for aerospace and defense contractors. NPS Foundation Recognizes Dell Technologies and RTX
• Positive Sentiment: Citi (via Barron's) says defense stocks can weather a big Democratic midterm win and calls recent weakness a buying opportunity — a sector-level endorsement that can help support RTX valuation. Defense Stocks Can Survive Big Win by Democrats in Midterms, Says Citi
• Positive Sentiment: Brokerage consensus remains constructive—RTX has an average rating of “Moderate Buy,” which provides analyst support under current selling pressure. RTX Receives Average Rating of "Moderate Buy"
• Neutral Sentiment: Industry comparison pieces highlight that defense spending tailwinds benefit both Lockheed and RTX; useful context but not an immediate catalyst. Lockheed Martin vs. RTX: Defense Spending Is Surging
• Neutral Sentiment: Several consumer tech/gaming stories referencing “RTX 5060/5070” are about GPU branding (NVIDIA) and not RTX Corporation; these are unlikely to affect RTX’s fundamentals. Multi-skilled RTX 5060 gaming laptop gets new coupon deal at Amazon
• Negative Sentiment: Analyst downgrade has triggered near-term selling pressure and is cited directly as causing additional downside in trading; this is the main driver of today’s weaker price action. RTX Trading Down 3.3% on Analyst Downgrade
• Negative Sentiment: Critical commentary (e.g., Seeking Alpha pieces noting investors rotating out despite solid results) may be amplifying short-term exits and sentiment risk even though results and guidance were decent. RTX: Gift Exit Despite Solid Results

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.

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