Conning Inc. Has $37.44 Million Stock Position in RTX Corporation $RTX

Conning Inc. trimmed its stake in shares of RTX Corporation (NYSE:RTX) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,734 shares of the company’s stock after selling 28,929 shares during the quarter. RTX comprises 1.2% of Conning Inc.’s holdings, making the stock its 8th biggest position. Conning Inc.’s holdings in RTX were worth $37,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its position 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 worth $16,457,452,000 after acquiring an additional 552,009 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in RTX by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock worth $192,333,000 after purchasing an additional 16,034 shares during the period. MGO One Seven LLC grew its position in RTX by 10.2% during the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after purchasing an additional 2,554 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in RTX by 28,295.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock valued at $1,741,000 after purchasing an additional 11,884 shares during the period. Finally, Armstrong Fleming & Moore Inc acquired a new stake in shares of RTX in the second quarter worth $431,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX opened at $198.76 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a market cap of $266.50 billion, a PE ratio of 40.81, a PEG ratio of 2.82 and a beta of 0.44. The firm’s 50 day moving average price is $179.40 and its 200 day moving average price is $166.16. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $198.87.

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

RTX Dividend Announcement

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. This represents a $2.72 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Strong positioning for higher U.S. defense budgets — Analysts and sector pieces highlight that proposed increases in Pentagon spending would improve funding visibility for major contractors like RTX, which should support longer-term revenue outlooks. Is RTX Well‑Placed to Benefit From Higher Defense Spending?
• Positive Sentiment: Direct contract/milestone: Blue Canyon (an RTX unit) supplied a Saturn-200 minisatellite for NASA’s Pandora exoplanet mission — a visible win for RTX’s small-sat capabilities and recurring mission-services revenue potential. RTX provides Blue Canyon satellite for interstellar mission
• Positive Sentiment: Analyst sentiment and investor flows look constructive — consensus around a “Moderate Buy” and elevated call-option buying indicate bullish analyst/investor interest. RTX Consensus Recommendation
• Positive Sentiment: Fundamentals support the rally — recent quarterly beat and FY‑2025 EPS guidance (6.10–6.20) give earnings-driven justification for higher valuation and investor confidence. (Company filings / recent earnings release)
• Neutral Sentiment: Stock momentum / record high: Recent intraday/all‑time highs signal momentum trading and technical buying; useful context but not a fundamental driver by itself. RTX stock hits all‑time high
• Neutral Sentiment: Consumer GPU headlines are mostly unrelated — many recent headlines reference NVIDIA’s “RTX” GPU brand (supply shifts, discounts, product rollouts). Those items create newsflow but do not materially affect RTX Corporation’s defense/aerospace fundamentals. Representative coverage: NVIDIA focus on RTX 5060 series
• Negative Sentiment: Political proposals could pressure the sector — commentary about limiting defense buybacks and capping executive pay (from recent political missives) is a potential headwind if enacted; analysts currently view these proposals as unlikely to become law, but they add regulatory uncertainty. 5 Defense Stocks to Buy on Pentagon Spending Boost

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. UBS Group downgraded RTX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $202.00 to $199.00 in a report on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and set a $189.00 price target on shares of RTX in a report on Tuesday, January 6th. Susquehanna boosted 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. Finally, The Goldman Sachs Group increased 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. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.41.

Insider Buying and Selling at RTX

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 transaction of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by corporate insiders.

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.