5,505 RTX Corporation $RTX Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in RTX Corporation (NYSE:RTX) by 3.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 186,284 shares of the company’s stock after acquiring an additional 5,505 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in RTX were worth $34,584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of RTX during the second quarter worth about $20,970,571,000. State Street Corp boosted its holdings in RTX by 3.1% in 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 boosted its holdings in RTX by 5.0% in 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 valued at $1,649,501,000 after acquiring an additional 411,356 shares during the last quarter. Amundi boosted its holdings in RTX by 4.0% in the second quarter. Amundi now owns 7,768,207 shares of the company’s stock valued at $1,473,862,000 after acquiring an additional 295,964 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in RTX during the 2nd quarter valued at approximately $1,456,256,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.7%

Shares of NYSE:RTX opened at $192.51 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. RTX Corporation has a 52-week low of $159.45 and a 52-week high of $226.88. The business’s 50 day simple moving average is $199.07 and its two-hundred day simple moving average is $193.69. The firm has a market cap of $259.46 billion, a P/E ratio of 33.89, a PEG ratio of 2.50 and a beta of 0.31.

RTX (NYSE:RTX) last released its quarterly earnings data 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. As a group, research analysts forecast that RTX Corporation will post 7.22 EPS for the current fiscal year.

Insider Activity at RTX

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on RTX shares. Weiss Ratings upgraded shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Barclays started coverage on shares of RTX in a research report on Friday, October 9th. They issued an “overweight” rating and a $223.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and set a $240.00 price objective (up from $220.00) on shares of RTX in a research report on Friday, July 24th. Rothschild & Co Redburn lifted their target price on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Susquehanna lifted their target price on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.75.

Key Headlines Impacting 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.

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.