RTX Corporation $RTX Stock Position Increased by Gradient Investments LLC

Gradient Investments LLC increased its position in RTX Corporation (NYSE:RTX) by 4.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 81,001 shares of the company’s stock after acquiring an additional 3,269 shares during the period. Gradient Investments LLC’s holdings in RTX were worth $15,368,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Navalign LLC acquired a new stake in RTX in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of RTX during the 4th quarter valued at about $26,000. Evergreen Advisors LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $31,000. Core Wealth Advisors LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC raised its holdings in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 0.1%

RTX stock opened at $223.03 on Friday. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $225.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The firm has a market cap of $300.59 billion, a PE ratio of 39.27, a P/E/G ratio of 2.66 and a beta of 0.29. The firm’s 50 day moving average price is $195.40 and its two-hundred day moving average price is $193.99.

RTX (NYSE:RTX) last issued 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 company had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same quarter last year, the business posted $1.56 EPS. The company’s revenue for the quarter 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, research analysts predict that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 yield of 1.3%. RTX’s dividend payout ratio (DPR) is presently 51.41%.

Wall Street Analyst Weigh In

Several analysts recently commented on RTX shares. Jefferies Financial Group set a $250.00 target price on shares of RTX in a research note on Sunday, July 26th. Royal Bank Of Canada upped their price target on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 target price on shares of RTX in a research report on Friday, July 24th. Finally, Wells Fargo & Company increased their price target on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.59.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense subsidiary, installed the first SPY-6(V)4 radar array at the U.S. Navy’s Wallops Island test site. The milestone begins testing for a program intended to modernize aging Flight IIA destroyers. Successful testing and subsequent fleet adoption could support RTX’s defense backlog and long-term revenue visibility. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Market coverage continues to characterize RTX as a strong momentum stock following its recent share-price performance. That sentiment may attract momentum-focused investors, though the stock’s elevated valuation means continued execution is important. What Makes RTX a Strong Momentum Stock

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares of the company’s stock, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total value of $1,016,831.20. Following the sale, the vice president owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,567 shares of company stock worth $3,304,375 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

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.