RTX Corporation (NYSE: RTX) designs and manufactures aerospace and defense systems for commercial aviation, military applications, and space exploration. It is one of the largest defense contractors in the world, with a recent stock price of about $158 per share and a market capitalization of about $212 billion.
RTX Corporation, which once grew out of a traditional defense business, has evolved into a global provider of advanced technologies for homeland security and civil air transportation. Supported by stable defense budgets and recovering aviation demand, the company has become a core value for organizations seeking stability and long-term cash flow. Its broad product portfolio, government contracts and deep technology moat give RTX an advantage that is hard to replace.
RTX is currently heavily invested in index funds, sovereign wealth funds and active managers. An analysis of its holdings and insider movements shows how large investors currently view the stock.
Who are RTX’s major shareholders?
See if RTX’s major shareholders are buying or selling >>>> today.
RTX designs and supplies aerospace and defense systems for commercial and military customers and is one of the largest contractors in the industry. The company’s stock is largely held by index giants such as Vanguard and State Street, meaning that most of the holdings are tied to passive flows rather than active conviction. At the same time, some managers have shifted positions, which gives a glimpse of where confidence lies.
- Vanguard Group: 121.5 million shares (9.1%), ~$19.3 billion. Added 2.2 million shares (+1.9%).
- State Street: 112.7 million shares (8.4%), ~$17.9 billion. Added 552K shares (+0.5%).
- Capital Research: 75.4 million shares (5.6%) for about $12 billion. Decrease of 2.4 million shares (-3.1%).
- BlackRock: 72.4 million shares (5.4%), ~$11.5 billion. Short 347,000 shares (-0.5%).
- Capital International: 55.9 million shares (4.2%), ~$8.9 billion. Added 1.5 million shares (+2.8%).
- Dodge & Cox: 41.8 million shares (3.1%), ~$6.6 billion. Decrease of 600,000 shares (-1.4%).
- Geode Capital: 29.1M shares (2.2%), ~$4.6B. Added 388K shares (+1.4%).
- J.P. Morgan Asset Management: 21 million shares (1.6%) for approximately $3.3 billion. Significant increase (+32.8%).
- Fisher Investments: 20.6M shares (1.5%), ~$3.3B. Added 837K (+4.2%).
- Norges Bank: 16.2m shares (1.2%), ~$2.6bn. Added 1.1 million shares (+7.1%).
- Morgan Stanley: 16.1 million shares (1.2%), ~$2.6 billion. Flat (-0.1%).
One of the most notable stocks of the last quarter was Ratan Capital Management, led by Nehal Chopra, which increased its stake in RTX by 1,000% to 55,000 shares, valued at about $8 million. This increase looks like a major bet on the stock’s continued strength.
Citadel Advisors, led by Ken Griffin, also made a big move, increasing its stake by 738% to 1.34 million shares valued at $196 million. Such a large increase in holdings suggests that the firm has growing confidence in RTX’s aerospace and defense business.
Meanwhile, Moore Capital Management, led by Louis Bacon, boosted its position by 149 percent to about 170,000 shares worth nearly $25 million. For a global hedge fund, the jump signals confidence in RTX’s long-term prospects.
On the institutional front, JPMorgan Asset Management’s 33% increase is noteworthy and appears to be a strong signal of confidence in RTX as a long-term defensive holding. Conversely, Capital Research’s reduction may reflect a more cautious approach to valuation, while NorgesBank‘s increase suggests that the sovereign wealth fund sees RTX as a stable defensive holding.
This mix shows a stable core of passive holdings with selective active managers and hedge funds leaning in. The biggest buyers seem to support RTX as a reliable defense manufacturer.
Follow major shareholders in over 50,000 stocks worldwide (free) >>>>
Recent RTX operations
Insider trading in RTX has been relatively quiet in recent months, with the majority of trades appearing to be small in size. Trading activity has favored smaller sales by executives, which may suggest diversification, while a few insider trades indicate selective confidence in the current stock price level.
Here are some recent insider trades:
- Kevin Dasilva (Treasurer): sold about 8.7K shares for about $156.
- Ramsaran Maharajh (Officer): sold ~1.5K shares at ~$152.
- Dantaya Williams (Official): sold about 16,900 shares at a price of about $138.
- Amy Johnson, senior: multiple small sales totaling about 13,000 shares for about $127.
- Brian Rogers (Officer): purchase ~ 2.9K shares.
- Denise Ramos (Director): purchased ~2.7K shares.
It appears that most of the trades were sells, with a limited number of buys. The two small buys may indicate some willingness on the part of the leaders to increase their holdings, although their size does not suggest a strong conviction to do so.
Domestic activity appears cautious. Although sales were modest, the lack of significant buying suggests that management does not believe the stock is significantly undervalued.
View recent insider trading data for over 50,000 securities worldwide (free) >>>>
Data notes on ownership and insider information
RTX is held by the largest passive managers and is therefore widely held in global portfolios. Selective buying by institutions such as JPMorgan, Fisher and Norges Bank reinforces this stability, suggesting that some active managers and sovereign wealth funds continue to view RTX as a solid defensive stock. Meanwhile, reductions in holdings by Capital Research and Dodge & Cox suggest that not all investors favor current levels.
On the other hand, domestic activity appears to be more cautious. Its pattern tends to be one of small sell-offs, and while a few insiders have bought shares, the size of the purchases has been limited. This may indicate a more restrained view on the part of management than on the part of institutions that have increased their holdings.
This information seems contradictory. Overall, large institutions are happy to add to RTX’s stock, which solidifies RTX’s reputation as a defensive composite, while insiders appear more hesitant. This balance suggests that the stock appears stable to outsiders, but managers may be waiting for more clarity before committing more money.
Wall Street analysts named these 5 undervalued companies that have the potential to beat the market
TIKR just released a new free report on 5 consolidated companies that appear to be undervalued, have beaten the market in the past, and are likely to continue to outperform the market for 1-5 years, according to analysts’ estimates.
Here you will find details of 5 quality companies:
- Strong revenue growth and enduring competitive advantage
- Attractive valuation based on future earnings and expected earnings growth
- Analyst forecasts and the TIKR valuation model support long-term upside potential.
Over the long term, these securities can provide great returns, especially if purchased while they are still trading at a discount.
Whether you’re a long-term investor or simply looking for great companies trading at less than fair value, this report will help you focus on the most profitable opportunities.
Click here to subscribe to TIKR and get our full report on 5 Undervalued Complexes for free.