Auto Owners Insurance Co Has $1.85 Billion Stake in RTX Corporation $RTX

Auto Owners Insurance Co grew its stake in RTX Corporation (NYSE:RTX) by 24,730.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,102,956 shares of the company’s stock after acquiring an additional 10,062,269 shares during the period. RTX makes up 0.4% of Auto Owners Insurance Co’s investment portfolio, making the stock its 25th largest position. Auto Owners Insurance Co’s holdings in RTX were worth $1,852,882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. Hsbc Holdings PLC increased its holdings in RTX by 3.3% during the 4th quarter. Hsbc Holdings PLC now owns 2,341,915 shares of the company’s stock worth $429,526,000 after purchasing an additional 74,381 shares in the last quarter. Redwood Family Wealth LLC acquired a new position in RTX during the 4th quarter worth approximately $222,000. Bayban acquired a new position in RTX during the 4th quarter worth approximately $142,000. AG Campbell Advisory LLC bought a new position in shares of RTX during the 4th quarter worth approximately $752,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of RTX by 2.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 17,772 shares of the company’s stock valued at $3,259,000 after purchasing an additional 356 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group cut their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wells Fargo & Company began coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target for the company. Finally, Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $211.38.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Analysts and market commentary highlighted RTX as a possible beneficiary of surging European defense spending, reinforcing the company’s role as a major aerospace and defense supplier. How to Invest in the Biggest European Defense Surge in Decades (RTX)
• Positive Sentiment: A separate defense-industry piece warned that the U.S. needs more munitions and that deliveries are years behind, which could support long-term demand for RTX’s defense and missile-related businesses. U.S. Military Expert Issues Grave Warning: ‘We Need More Munitions and Deliveries Are Years Behind.’ What Stocks Can Benefit?
• Positive Sentiment: Technical and valuation-focused coverage suggested RTX has established a new price floor and may be undervalued, which can encourage buying interest. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
• Neutral Sentiment: Several articles referenced NVIDIA’s RTX branding, high-end GPUs, or consumer laptop pricing, but these appear unrelated to RTX Corporation’s defense/aerospace operations and are unlikely to materially affect the stock.
• Negative Sentiment: Recent trading-session coverage noted RTX shares slipped in the prior session, showing some near-term volatility despite the broader defense backdrop. RTX (RTX) Stock Declines While Market Improves: Some Information for Investors

RTX Trading Up 0.3%

Shares of RTX stock opened at $186.07 on Friday. The firm has a market capitalization of $250.58 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.63 and a beta of 0.31. RTX Corporation has a twelve month low of $140.47 and a twelve month high of $214.50. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $181.86 and its 200 day simple moving average is $189.46.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the firm posted $1.47 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 54.78%.

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.