Beverly Hills Private Wealth LLC acquired a new stake in RTX Corporation (NYSE:RTX – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,200 shares of the company’s stock, valued at approximately $607,000.
A number of other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in RTX in the fourth quarter worth approximately $3,167,626,000. Auto Owners Insurance Co increased its position in shares of RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of RTX in the 2nd quarter valued at $1,456,256,000. Amundi raised its holdings in shares of RTX by 69.7% in the 1st quarter. Amundi now owns 7,472,243 shares of the company’s stock valued at $1,441,396,000 after purchasing an additional 3,070,123 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at RTX
In other news, VP Kevin G. Dasilva sold 4,760 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the transaction, the vice president directly owned 22,349 shares in the company, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 15,567 shares of company stock worth $3,304,375. 0.10% of the stock is currently owned by corporate insiders.
RTX Stock Performance
RTX (NYSE:RTX – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The business’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, analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.
RTX Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given 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 yield of 1.3%. RTX’s payout ratio is 51.41%.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $238.00 target price on shares of RTX in a research note on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 price target on shares of RTX in a report on Friday, July 24th. Robert W. Baird set a $240.00 price objective on RTX in a research report on Friday, July 24th. Wells Fargo & Company increased their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada raised their target price on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.
Check Out Our Latest Analysis on RTX
More RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
- Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
- Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
- Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
- Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract
About RTX
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.
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