Renaissance Investment Group LLC Trims Stock Position in RTX Corporation $RTX

Posted by Geri Gentry on Aug 7th, 2026

Renaissance Investment Group LLC cut its holdings in RTX Corporation (NYSE:RTX – Free Report) by 3.4% during the 2nd quarter, Holdings Channel reports. The firm owned 76,650 shares of the company’s stock after selling 2,672 shares during the period. RTX comprises approximately 2.9% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 14th biggest holding. Renaissance Investment Group LLC’s holdings in RTX were worth $14,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of RTX. World Investment Advisors raised its stake in RTX by 8.7% in the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock valued at $11,453,000 after purchasing an additional 5,020 shares during the last quarter. Milestone Asset Management Group LLC boosted its stake in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after purchasing an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth about $2,308,000. Truist Financial Corp grew its holdings in shares of RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after buying an additional 53,045 shares in the last quarter. Finally, Wealth Science Advisors LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $1,439,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

Positive Sentiment: SPY-6 radar milestone supports defense growth prospects. Raytheon installed the first SPY-6(V)4 radar array at the Navy’s Wallops Island test site. The system is part of the Flight IIA Arleigh Burke-class destroyer modernization program, and upcoming testing could determine the pace of fleet-wide upgrades. Successful testing would strengthen RTX’s position in naval radar and provide potential long-term program revenue. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
Positive Sentiment: Momentum-focused coverage remains favorable. Zacks and Yahoo Finance articles highlight RTX as a highly ranked momentum stock, reflecting its recent share-price strength, solid earnings execution and improving investor sentiment. However, these reports are largely screening-based rather than new fundamental catalysts. RTX Is a Top-Ranked Momentum Stock What Makes RTX a Strong Momentum Stock
Neutral Sentiment: Valuation comparison provides context. A comparison with Lockheed Martin focuses on how investors are pricing two major defense contractors. It does not identify a material change in RTX’s outlook, but reinforces that valuation, backlog quality and execution will be important after the stock’s strong run. RTX vs. Lockheed Martin: How the Street Is Pricing Two Defense Giants
Neutral Sentiment: Several RTX-branded GPU articles are unrelated to RTX Corporation. Stories about GeForce RTX 5090 pricing, driver crashes and gaming laptops concern NVIDIA’s graphics products, not RTX Corporation’s aerospace and defense business, and therefore should not affect the investment case for NYSE: RTX.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research note on Sunday, July 26th. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Susquehanna boosted their price target on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

Get Our Latest Analysis on RTX

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the sale, the insider owned 8,809 shares of the company’s stock, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,567 shares of company stock valued at $3,304,375. Insiders own 0.10% of the company’s stock.

RTX Trading Up 0.4%

Shares of RTX stock opened at $223.18 on Friday. The firm’s 50-day simple moving average is $194.52 and its 200-day simple moving average is $193.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $225.65. The firm has a market cap of $300.80 billion, a P/E ratio of 39.29, a PEG ratio of 2.65 and a beta of 0.29.

RTX (NYSE:RTX – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same period in the previous year, the firm earned $1.56 earnings per share. RTX’s revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts forecast that RTX Corporation will post 7.21 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. RTX’s payout ratio is currently 51.41%.

About RTX

(Free Report)

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.