Empowered Funds LLC Lowers Stock Position in RTX Corporation $RTX

Posted by Francis Steltz on Aug 28th, 2026

Empowered Funds LLC cut its position in shares of RTX Corporation (NYSE:RTX – Free Report) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,939 shares of the company’s stock after selling 8,258 shares during the quarter. Empowered Funds LLC’s holdings in RTX were worth $43,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RTX. BlackRock Inc. purchased a new stake in RTX during the second quarter worth approximately $20,970,571,000. Norges Bank purchased a new position in shares of RTX in the 4th quarter valued at $3,167,626,000. Auto Owners Insurance Co lifted its holdings in shares of RTX by 24,730.9% during 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 acquiring an additional 10,062,269 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in RTX during the 2nd quarter worth $1,456,256,000. Finally, Legal & General Group Plc purchased a new stake in shares of RTX in the second quarter worth about $1,267,256,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RTX shares. Wells Fargo & Company increased their target price on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $238.00 price target on shares of RTX in a report on Monday, July 27th. Robert W. Baird set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. Royal Bank Of Canada boosted their target price on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein upped their target price on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.59.

Check Out Our Latest Report on RTX

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred on 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 completion of the transaction, the insider owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. Insiders own 0.10% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

Positive Sentiment: Raytheon completed a $50 million expansion of its Mississippi manufacturing facility, adding 17,000 square feet of capacity for electronic-warfare and radar systems. The project is expected to create 100 high-skill jobs by 2028 and should help RTX fulfill growing defense demand. Raytheon Mississippi facility expansion
Positive Sentiment: Investors continue to focus on Raytheon’s $22.9 billion Tomahawk missile contract, awarded to accelerate production as the U.S. replenishes depleted inventories. The order reinforces RTX’s defense backlog and long-term revenue visibility. Raytheon Tomahawk missile order
Positive Sentiment: Recent research highlights a 22% backlog increase to $289 billion, 14% reported sales growth, 21% adjusted EPS growth and improved free cash flow in the latest quarter. Raytheon led segment growth, while Pratt & Whitney and Collins Aerospace are showing operational progress. RTX stock outlook
Positive Sentiment: Brokerages collectively rate RTX “Moderate Buy,” supporting the view that defense demand and commercial aerospace maintenance activity can sustain earnings growth. RTX consensus recommendation
Neutral Sentiment: Analysts describe RTX’s outlook as a combination of a powerful backlog and a potential cash-flow inflection, but investors will be watching whether manufacturing investments convert into stronger free cash flow. RTX backlog and cash flow analysis
Negative Sentiment: One recent analysis downgraded RTX because its premium valuation already reflects much of the missile and commercial-maintenance upside, leaving less room for execution disappointments or delays in cash-flow improvement. RTX valuation downgrade analysis

RTX Stock Performance

RTX stock opened at $211.98 on Friday. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market cap of $285.70 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29. The stock has a 50 day moving average of $205.63 and a 200-day moving average of $195.83.

RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $22.89 billion. During the same period in the prior year, the company posted $1.56 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, analysts expect that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is presently 51.41%.

RTX Company Profile

(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.