EFG International AG bought a new stake in shares of RTX Corporation (NYSE:RTX – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 13,807 shares of the company’s stock, valued at approximately $2,618,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Brighton Jones LLC lifted its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the last quarter. United Bank raised its position in shares of RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after buying an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. raised its position in shares of RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after buying an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of RTX in the 2nd quarter valued at about $5,157,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the sale, the vice president directly owned 20,099 shares in the company, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 29,222 shares of company stock valued at $6,362,003. Corporate insiders own 0.10% of the company’s stock.
RTX Price Performance
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, sell-side analysts predict that RTX Corporation will post 7.22 earnings per share for the current year.
RTX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is 51.41%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on RTX. Argus set a $245.00 price objective on RTX in a research note on Thursday, July 30th. Sanford C. Bernstein lifted their target price on RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Robert W. Baird set a $240.00 target price on RTX in a research report on Friday, July 24th. TD Cowen increased their price target on RTX from $225.00 to $240.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $228.59.
Key Headlines Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon, RTX’s defense unit, received a $22.9 billion U.S. military contract to accelerate Tomahawk missile production. The award supports multiyear revenue visibility and reflects the need to replenish depleted U.S. and allied stockpiles. Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation
- Positive Sentiment: Recent analyst commentary highlights a 22% backlog increase to approximately $289 billion, strong defense demand and improving free cash flow. RTX’s latest quarterly results also showed revenue growth, earnings that exceeded expectations and particularly strong performance from Raytheon. RTX Stock Will Keep Rewarding Patient Investors
- Positive Sentiment: Collins Aerospace completed altitude testing of its Enhanced Power and Cooling System for the F-35. Successful testing advances a next-generation system that could support future F-35 upgrades and related aerospace revenue. Why Is RTX Testing Progress Important for Its Next Generation Defense Systems?
- Neutral Sentiment: RTX’s Blue Canyon Technologies introduced a new spacecraft mission-enablement product. The announcement reinforces RTX’s broader space and defense capabilities, although the near-term financial impact was not disclosed. RTX’s Blue Canyon Technologies Introduces New Spacecraft Mission Enabler
- Negative Sentiment: One analyst downgraded RTX, citing its premium valuation alongside rising commercial aerospace maintenance costs. The concerns are important because the stock trades at a high earnings multiple, leaving less room for execution setbacks. RTX Corporation: More Missiles and Higher Commercial Maintenance Trigger Premium Price Tag
RTX Company Profile
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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