Integrated Wealth Concepts LLC Increases Holdings in RTX Corporation $RTX

Integrated Wealth Concepts LLC grew its holdings in RTX Corporation (NYSE:RTX) by 112.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 145,580 shares of the company’s stock after acquiring an additional 77,120 shares during the period. Integrated Wealth Concepts LLC’s holdings in RTX were worth $27,623,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares in the last quarter. United Bank raised its stake in RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after buying an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after buying an additional 623 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in RTX during the 2nd quarter valued at approximately $5,157,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RTX shares. TD Cowen increased their target price on RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Argus set a $245.00 price target on RTX in a research report on Thursday, July 30th. Robert W. Baird set a $240.00 price objective on RTX in a report on Friday, July 24th. Royal Bank Of Canada raised their price objective on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein boosted their target price on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $228.59.

Insider Transactions at RTX

In other news, insider Troy 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 transaction 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 $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,222 shares of company stock worth $6,362,003 over the last three months. 0.10% of the stock is currently owned by company insiders.

RTX Stock Down 1.0%

RTX stock opened at $198.77 on Wednesday. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The business has a fifty day moving average price of $208.36 and a 200-day moving average price of $196.04.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. During the same period last year, the firm posted $1.56 earnings per share. RTX’s revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th were paid a $0.73 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s payout ratio is currently 51.41%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million contract to modernize the U.S. Army’s CH-47 Chinook helicopter fleet. The work includes avionics upgrades and support for fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace and defense operations. Can Chinook Modernization Strengthen RTX’s Defense Growth?
• Neutral Sentiment: The Chinook award supports RTX’s exposure to sustained U.S. defense spending and Army modernization. However, the contract appears incremental relative to RTX’s roughly $268 billion market capitalization, so investors may view it as a backlog and long-term growth positive rather than a major catalyst for current-year earnings. Can Chinook Modernization Strengthen RTX’s Defense Growth?

RTX Company Profile

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.