DDD Partners LLC reduced its position in RTX Corporation (NYSE:RTX – Free Report) by 25.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,326 shares of the company’s stock after selling 22,023 shares during the quarter. DDD Partners LLC’s holdings in RTX were worth $11,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. LeConte Wealth Management LLC raised its holdings in RTX by 2.3% in the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after purchasing an additional 51 shares during the period. Rydar Equities Inc. raised its holdings in RTX by 0.4% in the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after purchasing an additional 52 shares during the period. Innova Wealth Partners raised its holdings in RTX by 3.5% in the 4th quarter. Innova Wealth Partners now owns 1,597 shares of the company’s stock worth $293,000 after purchasing an additional 54 shares during the period. Worth Asset Management LLC raised its holdings in RTX by 3.5% in the 4th quarter. Worth Asset Management LLC now owns 1,579 shares of the company’s stock worth $290,000 after purchasing an additional 54 shares during the period. Finally, Zullo Investment Group Inc. raised its holdings in RTX by 1.2% in the 3rd quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock worth $789,000 after purchasing an additional 56 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the completion of the sale, the executive vice president directly owned 59,556 shares in the company, valued at $12,242,331.36. This represents a 37.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $201.30, for a total value of $1,637,776.80. Following the completion of the sale, the vice president directly owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. This represents a 23.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 89,255 shares of company stock valued at $18,151,956. Corporate insiders own 0.10% of the company’s stock.
RTX Price Performance
RTX (NYSE:RTX – Get Free Report) last issued its earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $24.24 billion during the quarter, compared to analysts’ expectations of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.
RTX Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 20th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, February 20th. RTX’s dividend payout ratio is 54.84%.
Analysts Set New Price Targets
RTX has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Friday, March 6th. Sanford C. Bernstein restated a “market perform” rating and set a $204.00 price objective on shares of RTX in a research report on Thursday, January 29th. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, TD Cowen restated a “buy” rating on shares of RTX in a research report on Tuesday, January 27th. 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 stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.44.
Check Out Our Latest Stock Analysis on RTX
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Large DoD award boosts backlog and cash‑flow visibility — RTX won a roughly US$50 billion multi‑decade contract to build and sustain the Patriot missile system, extending backlog and providing long‑dated revenue/cash‑flow clarity for ~20 years. This is a material positive for defense revenue predictability and valuation. Article Title
- Positive Sentiment: Analyst upgrade nudges sentiment — Erste Group slightly raised FY2027 EPS estimates and maintains a Buy rating, providing incremental support to forward earnings expectations. Article Title
- Positive Sentiment: Missile‑defense franchise remains a strategic growth driver — Coverage highlights RTX’s missile‑defense capabilities and multi‑year contracts as key to steady growth amid rising global threats, reinforcing the company’s exposure to secular defense spending trends. Article Title
- Neutral Sentiment: Defense‑sector volatility from geopolitics — Coverage notes mixed moves in defense stocks after an Iran cease‑fire announcement; broader sector swings can mute RTX’s short‑term performance even as company fundamentals remain intact. Article Title
- Neutral Sentiment: Brand/name noise from GPU stories — Several consumer headlines reference “RTX” GPUs (NVIDIA) and isolated hardware incidents or new gaming desktops; these can create temporary search/PR noise but are not related to RTX Corporation’s aerospace & defense business. Article Title
- Negative Sentiment: Near‑term headwinds: supply‑chain and trade risk concerns — Market pieces note RTX slipped about 1.7% over the past month as investors fret over supply‑chain disruptions and trade uncertainties that could pressure margins or delivery timelines, dampening sentiment despite contract wins. Article Title
RTX Company 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.
Further Reading
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