Cantor Fitzgerald Cuts RTX Corporation Stake 62.6% to $8.68M; Analysts Lift Price Targets
Cantor Fitzgerald cut its RTX stake by 62.6% to 51,884 shares valued at $8.68 million in the third quarter, selling 86,906 shares. Goldman Sachs, JPMorgan and Sanford C. Bernstein raised RTX price targets to $168, $200 and $181 respectively after Q3 revenue of $22.48 billion and EPS of $1.70 beat estimates.
1. Institutional Holdings Shift
Cantor Fitzgerald Investment Advisors L.P. reduced its stake in RTX Corporation by 62.6% during the third quarter, selling 86,906 shares to leave a holding of 51,884 shares valued at $8.68 million. This move contrasts with activity from PFS Partners LLC, which more than doubled its position in the second quarter, and LFA Lugano Financial Advisors SA, Access Investment Management LLC and Clayton Financial Group LLC, each initiating small positions across the second and third quarters. Halbert Hargrove Global Advisors LLC also expanded its RTX stake by 194.5%, bringing its total to 215 shares. Collectively, institutional and hedge fund ownership accounts for 86.5% of RTX’s outstanding shares.
2. Analyst Ratings and Consensus
During the past quarter, a series of Wall Street research teams revisited their views on RTX. Citigroup commenced coverage with a buy recommendation, while Wall Street Zen moved from strong-buy to buy. Goldman Sachs and JPMorgan Chase each adjusted their outlooks—Goldman Sachs maintained a neutral stance and lifted its price expectations, and JPMorgan upgraded to overweight alongside higher projections. Sanford C. Bernstein reaffirmed a market-perform rating with an increased target. Across the board, three analysts rate RTX as a strong buy, fifteen as a buy and five as a hold, resulting in a consensus Moderate Buy rating.
3. Third-Quarter Financial Performance and Outlook
RTX reported third-quarter earnings of $1.70 per share, surpassing consensus estimates by $0.29, on revenues of $22.48 billion, beating forecasts by over $1 billion and representing an 11.9% year-over-year increase. The company delivered a net margin of 7.67% and a return on equity of 13.28%, driven by strength in both its commercial aerospace and defense segments. Management set full-year 2025 guidance at an EPS range of 6.10–6.20, aligning closely with analyst projections of approximately 6.11 for the year.
4. Dividend Policy and Insider Activity
RTX declared a quarterly dividend of $0.68 per share, equating to a $2.72 annualized distribution and a 55.9% payout ratio. The payment was made to shareholders of record as of November 21. On the insider front, Executive Vice President Neil G. Mitchill, Jr. sold 4,849 shares in late October, reducing his holdings by 7.53% to 59,556 shares. Insider ownership remains modest at 0.15% of the company’s outstanding shares.