RTX Corporation $RTX Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in shares of RTX Corporation (NYSE:RTX) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,903 shares of the company’s stock after acquiring an additional 80,747 shares during the period. Pictet Asset Management Holding SA’s holdings in RTX were worth $120,840,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pegasus Asset Management Inc. boosted its position in RTX by 1.1% in the third quarter. Pegasus Asset Management Inc. now owns 53,005 shares of the company’s stock worth $9,840,000 after purchasing an additional 566 shares during the last quarter. Flagship Wealth Advisors LLC increased its position in shares of RTX by 25.1% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 5,228 shares of the company’s stock valued at $971,000 after purchasing an additional 1,048 shares during the last quarter. Plancorp LLC raised its stake in shares of RTX by 23.9% during the 3rd quarter. Plancorp LLC now owns 3,868 shares of the company’s stock worth $773,000 after purchasing an additional 747 shares during the period. Phoenix Wealth Advisors raised its stake in shares of RTX by 25.6% during the 3rd quarter. Phoenix Wealth Advisors now owns 1,523 shares of the company’s stock worth $283,000 after purchasing an additional 310 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of RTX by 29.2% in the 3rd quarter. Alps Advisors Inc. now owns 41,683 shares of the company’s stock worth $7,738,000 after buying an additional 9,430 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RTX. Barclays increased their target price on shares of RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. DA Davidson raised their price target on shares of RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft cut shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 price target on the stock. in a report on Tuesday, October 13th. Wells Fargo & Company upped their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Jefferies Financial Group set a $250.00 price objective on RTX and gave the company a “buy” rating in a report on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $231.24.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 9,071 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the transaction, the executive vice president directly owned 16,930 shares in the company, valued at approximately $3,414,781. This represents a 34.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

RTX Price Performance

NYSE RTX opened at $189.59 on Monday. The company has a market cap of $255.84 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.30. RTX Corporation has a 52 week low of $166.74 and a 52 week high of $226.88. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The firm’s 50-day simple moving average is $193.46 and its two-hundred day simple moving average is $195.52.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. During the same period last year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts predict that RTX Corporation will post 7.68 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio is 47.40%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
• Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
• Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
• Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
• Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling

RTX Company Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.