Sagespring Wealth Partners LLC purchased a new stake in RTX Corporation (NYSE:RTX – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,284 shares of the company’s stock, valued at approximately $7,912,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Investment House LLC raised its stake in RTX by 32.8% during the 3rd quarter. Investment House LLC now owns 5,365 shares of the company’s stock worth $898,000 after buying an additional 1,325 shares during the period. Global Assets Advisory LLC grew its stake in RTX by 15.3% in the third quarter. Global Assets Advisory LLC now owns 2,895 shares of the company’s stock valued at $484,000 after acquiring an additional 385 shares during the period. Biltmore Family Office LLC raised its position in shares of RTX by 38.5% during the third quarter. Biltmore Family Office LLC now owns 4,324 shares of the company’s stock worth $723,000 after purchasing an additional 1,202 shares during the period. GDS Wealth Management lifted its holdings in shares of RTX by 2.2% in the 3rd quarter. GDS Wealth Management now owns 2,933 shares of the company’s stock worth $491,000 after purchasing an additional 63 shares in the last quarter. Finally, Dash Acquisitions Inc. bought a new position in shares of RTX in the 3rd quarter worth $298,000. Institutional investors own 86.50% of the company’s stock.
Key Headlines Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Sector tailwind — Microsoft’s recent $170M Air Force cloud win highlights accelerating defense modernization and tech spending that could benefit large defense contractors like RTX as the Pentagon increases IT and systems procurement. Top 5 Defense & Aerospace Stocks After Microsoft’s $170M Air Force Win
- Positive Sentiment: Analyst focus and comparisons — Recent analyst pieces comparing RTX with peers (e.g., General Dynamics) and previewing Q4 estimates keep attention on RTX’s fundamentals and upcoming earnings, supporting investor interest. RTX vs. General Dynamics Q4 Earnings Preview
- Positive Sentiment: High investor interest — Coverage noting that RTX is among the most-searched stocks reflects strong retail and institutional attention, which can amplify moves around earnings and news. Investors Heavily Search RTX
- Neutral Sentiment: Brand/noise risk from Nvidia “RTX” stories — Multiple tech stories about Nvidia’s RTX 50-series production cuts, rebate changes, scalper-driven sellouts and scams are unrelated to RTX Corporation but can create search-driven volatility or investor confusion. Monitor headlines for any short-term noise. Report claims Nvidia ended OPP rebates Nvidia cutting RTX 50-series production
- Neutral Sentiment: Retail & media attention — Features asking whether RTX is the best S&P 500 defense stock add visibility but don’t change fundamentals; they may increase short-term trading interest. Is RTX the best defense stock?
- Negative Sentiment: Capital flows risk from European defense strength — A large European defense IPO and strong performance in that market could divert investor capital away from U.S. defense names, creating a potential headwind for RTX’s relative performance. Sell America? What Europe’s Huge IPO Says About U.S. Defense Stocks.
RTX Stock Down 0.2%
RTX Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.
Analyst Ratings Changes
RTX has been the subject of a number of recent research reports. Morgan Stanley set a $215.00 price target on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group boosted their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $189.00 price target on shares of RTX in a research report on Tuesday, January 6th. Bank of America lifted their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $186.88.
Get Our Latest Research Report on RTX
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.
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