PDT Partners LLC Takes $5.59 Million Position in RTX Corporation $RTX

PDT Partners LLC bought a new position in shares of RTX Corporation (NYSE:RTX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,444 shares of the company’s stock, valued at approximately $5,586,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Navalign LLC bought a new stake in shares of RTX during the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of RTX during the fourth quarter worth approximately $31,000. 1 North Wealth Services LLC increased its stake in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Finally, Evergreen Advisors LLC acquired a new stake in RTX during the 1st quarter worth approximately $31,000. Institutional investors own 86.50% of the company’s stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace completes F-35 altitude testing: RTX’s Collins Aerospace successfully completed high-altitude testing of its Enhanced Power and Cooling System (EPACS), validating performance in conditions relevant to real-world F-35 operations. The system is designed to provide greater cooling capacity for advanced mission systems, supporting future F-35 upgrades and potentially other defense and commercial aircraft programs. The milestone reinforces RTX’s technology position, although it is not expected to create an immediate material revenue impact. RTX Collins Aerospace EPACS completes altitude testing
• Positive Sentiment: RTX remains a strong aerospace and defense performer: Recent comparisons of RTX with L3Harris, GE Aerospace and Boeing highlight its momentum, growth outlook, return on invested capital and exposure to commercial aerospace recovery and defense demand. The favorable sector positioning may be supporting investor interest in RTX. RTX versus L3Harris aerospace momentum comparison
• Neutral Sentiment: NVIDIA “RTX” coverage is unrelated to RTX Corporation: Reports on DLSS 4.5, RTX Remix, RTX Spark laptops, GeForce graphics cards and gaming PCs concern NVIDIA’s product ecosystem. They do not represent announcements, sales or competitive developments for NYSE:RTX and should not be treated as direct catalysts for RTX Corporation’s stock.

RTX Trading Up 0.5%

Shares of NYSE:RTX opened at $210.32 on Wednesday. The business’s 50 day simple moving average is $204.72 and its 200 day simple moving average is $195.62. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The company has a market capitalization of $283.47 billion, a P/E ratio of 37.03, a P/E/G ratio of 2.49 and a beta of 0.29.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. The firm had revenue of $24.71 billion during the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, research analysts anticipate 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. Investors of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is 51.41%.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,222 shares of company stock valued at $6,362,003 over the last quarter. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Sanford C. Bernstein boosted their price target on RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating and set a $240.00 target price on shares of RTX in a report on Friday, July 24th. Robert W. Baird set a $240.00 target price on shares of RTX in a research report on Friday, July 24th. Royal Bank Of Canada upped their price target on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Susquehanna raised their price target on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $228.59.

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.