RTX Corp (RTX)

• Market cap: $161B
• 1 day: 0.54%
• 5 days: 5.70%
• 1 month: 3.14%
• 3 months: -3.69%
• 6 months: 15.35%
• Year to date: 4.40%
• 1 year: 42.40%
• 5 years: -21.56%
• 10 years: 3.05%
• Sector: Industrials
• Industry: Aircraft Engines & Engine Parts

About: RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

Employees: 185,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

193% more first-time investments, than exits

New positions opened: 275 | Existing positions closed: 94

43% more call options, than puts

Call options by funds: $2.14B | Put options by funds: $1.49B

16% more funds holding in top 10

Funds holding in top 10: 49 [Q2] → 57 (+8) [Q3]

11% more capital invested

Capital invested by funds: $116B [Q2] → $129B (+$13.3B) [Q3]

6% more funds holding

Funds holding: 2,505 [Q2] → 2,654 (+149) [Q3]

6.55% less ownership

Funds ownership: 86.77% [Q2] → 80.22% (-6.55%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 926 | Existing positions reduced: 1,071

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $130 7% upside
• Avg. target: $138 14% upside
• High target: $151 25% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

Wells Fargo Matthew Akers 51% 1-year accuracy 26 / 51 met price target	25% upside $151	Overweight Maintained	8 Jan 2025
Susquehanna Charles Minervino 39% 1-year accuracy 28 / 71 met price target	15% upside $139	Positive Maintained	8 Jan 2025
Deutsche Bank Scott Deuschle 47% 1-year accuracy 17 / 36 met price target	16% upside $140	Buy Upgraded	2 Jan 2025
RBC Capital Ken Herbert 61% 1-year accuracy 42 / 69 met price target	16% upside $140	Outperform Upgraded	19 Dec 2024
Barclays David Strauss 61% 1-year accuracy 17 / 28 met price target	7% upside $130	Equal-Weight Maintained	29 Oct 2024