Conning Inc. Has $36.15 Million Stake in RTX Corporation $RTX

Conning Inc. cut its stake in RTX Corporation (NYSE:RTX) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,122 shares of the company’s stock after selling 26,612 shares during the period. RTX accounts for approximately 1.2% of Conning Inc.’s investment portfolio, making the stock its 8th largest holding. Conning Inc.’s holdings in RTX were worth $36,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas acquired a new stake in shares of RTX in the 3rd quarter worth about $25,000. Navalign LLC bought a new stake in RTX in the 4th quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in RTX during the 3rd quarter valued at about $30,000. Wexford Capital LP bought a new position in RTX in the 3rd quarter worth about $33,000. Finally, Dogwood Wealth Management LLC grew its position in RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 15,124 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,698,105.60. This represents a 53.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dantaya M. Williams sold 12,713 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the transaction, the executive vice president directly owned 16,749 shares of the company’s stock, valued at $3,397,199.67. This represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 63,592 shares of company stock valued at $13,023,502. 0.10% of the stock is owned by corporate insiders.

RTX Stock Down 1.4%

RTX stock opened at $175.58 on Friday. RTX Corporation has a 52 week low of $130.90 and a 52 week high of $214.50. The company has a market capitalization of $236.44 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.52 and a beta of 0.31. The firm’s 50-day moving average is $192.55 and its two-hundred day moving average is $188.86. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

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

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is 51.03%.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon received an order for 120 SharpSight radars from Blue Raven, the largest order yet for the multi-domain surveillance radar, which supports the company’s defense backlog and sales outlook. RTX Corporation (RTX) Receives Order For SharpSight radars from Blue Raven
• Positive Sentiment: RTX won a SeaRAM ship self-defense contract for Australian frigates, adding another international defense program win and reinforcing demand for its naval defense systems. RTX Wins SeaRAM Ship Self-Defense Contract For Australian Frigates
• Positive Sentiment: Collins Aerospace, an RTX business, is investing $26.5 million to expand its Florida facility, signaling additional capacity for radar work tied to both commercial aviation and defense programs. RTX’s Collins Aerospace Invests $26.5M In Florida Expansion
• Neutral Sentiment: Zacks highlighted RTX as one of its most-searched stocks, which suggests elevated investor interest but does not by itself change fundamentals. Investors Heavily Search RTX Corporation (RTX): Here is What You Need to Know

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group cut their price target on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Wells Fargo & Company started coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective for the company. Morgan Stanley lowered their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Vertical Research reaffirmed a “buy” rating and set a $227.00 target price on shares of RTX in a research note on Tuesday, January 27th. Finally, Wolfe Research reiterated an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $210.75.

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.