Bessemer Group Inc. increased its stake in RTX Corporation (NYSE:RTX – Free Report) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,343 shares of the company’s stock after acquiring an additional 4,726 shares during the quarter. Bessemer Group Inc.’s holdings in RTX were worth $8,926,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX during the second quarter worth $29,000. Valley Wealth Managers Inc. bought a new stake in RTX during the third quarter valued at $30,000. Access Investment Management LLC acquired a new stake in RTX during the 2nd quarter worth about $31,000. SOA Wealth Advisors LLC. raised its position in shares of RTX by 57.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Finally, Clayton Financial Group LLC acquired a new position in shares of RTX in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 86.50% of the company’s stock.
RTX Stock Up 1.4%
Shares of NYSE RTX opened at $198.78 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. The company has a 50-day moving average price of $187.63 and a 200-day moving average price of $172.10. The stock has a market capitalization of $266.52 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.83 and a beta of 0.43. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $206.48.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Citigroup increased their target price on shares of RTX from $227.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group reiterated a “hold” rating and set a $225.00 price objective on shares of RTX in a report on Wednesday, January 28th. Finally, Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of RTX in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.50.
Get Our Latest Stock Analysis on RTX
Key RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Board declares quarterly cash dividend of $0.68 per share — this raises near-term shareholder yield and signals confidence in free cash flow, supporting demand for the stock. RTX Board of Directors Declares Quarterly Cash Dividend
- Positive Sentiment: Raytheon/RTX wins multi-year Pentagon agreements to ramp up missile and munitions production — these contracts imply revenue visibility and production ramp that support near- to mid-term growth and margin stability in the defense segment. RTX’s Raytheon lands seven-year Pentagon deal to ramp up missile production
- Neutral Sentiment: RTX is a trending stock on retail/screeners — elevated attention can add short-term volatility but doesn’t change fundamentals; monitor flows and volume. RTX Corporation (RTX) Is a Trending Stock: Facts to Know Before Betting on It
- Neutral Sentiment: Several headlines referencing “RTX” GPUs (Nvidia) are circulating — these relate to NVIDIA’s product line and memory-supply delays, not RTX Corporation’s defense business; they may create search/noise but are not direct fundamentals for RTX (the company). NVIDIA rumors: RTX 50 SUPER not launching this year, RTX 60 ‘Rubin’ delayed over DRAM crisis
- Negative Sentiment: White House order limits on CEO pay, dividends and buybacks for defense contractors — investors worry this policy could curb shareholder returns and capital-allocation flexibility, weighing on valuation sentiment for RTX and peers. Investors in defense stocks wary as Trump places new limits on CEO pay and dividends
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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