Category: Markets
Published: 2026-06-20T07:26:44.000Z
Auto Owners Insurance Co significantly increased its stake in RTX Corporation, purchasing over 10 million shares in the fourth quarter, bringing its total holding to 10.1 million shares valued at about $1.85 billion. Wall Street analysts maintain a "Moderate Buy" consensus for RTX, with an average price target of $211.38, following recent upgrades and reiterations of buy ratings. The company recently reported better-than-expected earnings, raised its dividend to $0.73 per share, and is poised to benefit from increased European defense spending and demand for munitions.
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