Pinnacle Wealth Management Advisory Group LLC Has $8.13 Million Position in RTX Corporation $RTX

Pinnacle Wealth Management Advisory Group LLC grew its holdings in RTX Corporation (NYSE:RTX) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,859 shares of the company’s stock after buying an additional 3,158 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in RTX were worth $8,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Montz Harcus Wealth Management LLC lifted its position in shares of RTX by 3.2% during the second quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock worth $311,000 after purchasing an additional 51 shares in the last quarter. Schulhoff & Co. Inc. lifted its holdings in RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after buying an additional 52 shares in the last quarter. Sunbeam Capital Management LLC boosted its position in RTX by 1.6% in the 4th quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company’s stock valued at $620,000 after buying an additional 53 shares during the last quarter. Safeguard Investment Advisory Group LLC increased its stake in shares of RTX by 2.4% in the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock valued at $430,000 after buying an additional 53 shares during the period. Finally, Sequent Planning LLC raised its holdings in RTX by 1.6% during the 4th quarter. Sequent Planning LLC now owns 3,364 shares of the company’s stock worth $617,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: $472 million Chinook modernization contract supports RTX’s defense outlook. The award covers avionics upgrades and fleet-readiness work, adding to RTX’s defense backlog and providing further visibility for its Collins Aerospace business. It reinforces the company’s exposure to long-term Army modernization and rising defense spending. Can Chinook Modernization Strengthen RTX’s Defense Growth?
• Positive Sentiment: Industry coverage continues to highlight strong defense backlogs, which could support RTX’s growth prospects alongside its better-than-expected latest quarter and fiscal 2026 earnings guidance. Backlog conversion, margins and execution remain important variables for investors. 3 Under-the-Radar Defense Stocks With Record Backlogs

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction dated Friday, July 24th. The stock was 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. The trade was a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Troy Brunk sold 8,557 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 29,222 shares of company stock worth $6,362,003. Corporate insiders own 0.10% of the company’s stock.

RTX Stock Down 1.0%

Shares of NYSE RTX opened at $198.77 on Wednesday. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. 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 stock has a market cap of $267.89 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.59 and a beta of 0.29. The firm has a 50 day moving average price of $208.36 and a 200 day moving average price of $196.04.

RTX (NYSE:RTX) last posted 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 company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. 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 business posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Analysts expect that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Friday, August 14th were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 51.41%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen lifted their price target on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Robert W. Baird set a $240.00 target price on shares of RTX 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. Jefferies Financial Group set a $250.00 price objective on RTX in a research note on Sunday, July 26th. Finally, Royal Bank Of Canada upped their price objective on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.59.

About RTX

RTX Corporation (NYSE:RTX) is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.

The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.