RTX Corporation $RTX Holdings Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in RTX Corporation (NYSE:RTX) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,284 shares of the company’s stock after buying an additional 5,505 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in RTX were worth $34,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of RTX during the 2nd quarter valued at $20,970,571,000. State Street Corp grew its holdings in shares of RTX by 3.1% during the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after purchasing an additional 2,828,056 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of RTX by 5.0% during the 2nd 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 in the last quarter. Amundi increased its position in shares of RTX by 4.0% in 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 bought a new position in shares of RTX in the second quarter worth $1,456,256,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, and Lockheed Martin received a $215 million U.S. Army contract through their Javelin Joint Venture to produce Lightweight Command Launch Units. The next-generation launchers will replace legacy units and support continued demand for RTX’s defense systems. U.S. Army awards Javelin Joint Venture $215 million contract for Lightweight Command Launch Unit production
• Neutral Sentiment: RTX is scheduled to report quarterly results, making earnings, full-year guidance and aerospace demand the key near-term catalysts. The company previously exceeded consensus estimates and raised its outlook, so investors may already expect another strong report; failure to raise guidance could weigh on the stock. GE Aerospace and RTX Earnings Preview
• Neutral Sentiment: Several articles discuss Nvidia’s RTX 5090, RTX 5070 Ti, RTX 6060 and RTX Spark products. These are Nvidia graphics products—not RTX Corporation businesses—and therefore have no direct effect on RTX Corporation’s earnings or valuation. Nvidia says the RTX 5090 isn’t discontinued
• Negative Sentiment: With RTX shares trading above historical valuation levels and investors positioned for continued earnings momentum, the upcoming report carries elevated expectations. Any weaker-than-expected results, cautious aerospace commentary or lack of additional guidance improvement could pressure the stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group set a $250.00 price target on RTX and gave the company a “buy” rating in a research note on Sunday, July 26th. Wells Fargo & Company upped their price objective on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. BNP Paribas Exane increased their price objective on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Susquehanna raised their target price on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $240.00 target price on shares of RTX in a report on Friday, July 24th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.75.

Insider Activity

In other news, VP Kevin G. Dasilva sold 4,760 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the completion of the transaction, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 29,222 shares of company stock valued at $6,362,003 over the last quarter. 0.10% of the stock is owned by company insiders.

RTX Stock Down 0.7%

Shares of NYSE:RTX opened at $192.51 on Tuesday. RTX Corporation has a 52-week low of $159.45 and a 52-week high of $226.88. The company has a market capitalization of $259.46 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The company has a fifty day moving average of $199.07 and a 200-day moving average of $193.69.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 13.99% and a net margin of 8.28%. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. On average, equities analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Company 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.