DAVENPORT & Co LLC Sells 2,801 Shares of RTX Corporation $RTX

DAVENPORT & Co LLC reduced its stake in shares of RTX Corporation (NYSE:RTX) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 110,282 shares of the company’s stock after selling 2,801 shares during the quarter. DAVENPORT & Co LLC’s holdings in RTX were worth $18,453,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after purchasing an additional 2,238,247 shares during the last quarter. State Street Corp increased its stake in shares of RTX by 0.5% in the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after buying an additional 552,009 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of RTX by 4.2% in the second quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company’s stock valued at $3,007,894,000 after buying an additional 837,268 shares during the last quarter. Norges Bank bought a new position in shares of RTX in the second quarter valued at about $2,359,602,000. Finally, Massachusetts Financial Services Co. MA lifted its position in RTX by 9.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after buying an additional 1,361,071 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $186.09 on Thursday. The firm’s 50 day moving average price is $175.02 and its two-hundred day moving average price is $161.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $188.00. The stock has a market cap of $249.50 billion, a PE ratio of 38.21, a PEG ratio of 2.94 and a beta of 0.44.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were issued a dividend of $0.68 per share. The ex-dividend date was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 55.85%.

Analyst Ratings Changes

Several research firms have weighed in on RTX. Susquehanna raised their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. UBS Group increased their price target on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Bank of America boosted their price objective on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Robert W. Baird set a $203.00 price objective on RTX in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price objective on RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.18.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit won a $1.7 billion contract to deliver four Patriot air-and-missile defense systems to Spain — a material, multi-year order that supports defense backlog and revenue visibility. RTX unit Raytheon lands $1.7 billion deal to supply Patriot systems to Spain
• Positive Sentiment: An analyst upgrade pushed RTX to a new 12‑month high, signaling increased analyst confidence that can attract momentum and institutional buying. RTX (NYSE:RTX) Sets New 12-Month High on Analyst Upgrade
• Positive Sentiment: Zacks highlighted RTX as a top long-term growth stock, reinforcing a bullish narrative around earnings growth and structural defense/aerospace secular trends. Why RTX (RTX) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Investors are watching ahead of RTX’s Q4 earnings — previews outline expectations and will drive short-term moves depending on guidance vs. the market’s elevated multiple. Earnings Preview: What To Expect From RTX Corporation’s Report
• Neutral Sentiment: Zacks notes elevated investor attention and search activity on RTX; that interest can increase liquidity but doesn’t itself change fundamentals. RTX Corporation (RTX) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Multiple tech headlines referencing “RTX” GPUs (e.g., GeForce RTX 50/5090 stories, thermal paste fixes, and gaming benchmarks) are generating noise but refer to Nvidia’s GeForce branding, not RTX Corporation; they’re largely irrelevant to RTX’s defense/aerospace fundamentals. Representative coverage: Looking to Blaze the AI Trail? Get a PC With a Dedicated GeForce RTX 50 Series GPU

About RTX

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.