Chesley Taft & Associates LLC Raises Stock Position in RTX Corporation $RTX

Chesley Taft & Associates LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,452 shares of the company’s stock after buying an additional 3,257 shares during the quarter. RTX accounts for approximately 0.9% of Chesley Taft & Associates LLC’s holdings, making the stock its 27th biggest holding. Chesley Taft & Associates LLC’s holdings in RTX were worth $23,612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RTX. Navalign LLC bought a new stake in RTX during the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX in the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC purchased a new position in shares of RTX in the 4th quarter worth approximately $31,000. 1 North Wealth Services LLC boosted 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 during the period. Finally, Evergreen Advisors LLC bought a new position in shares of RTX during the 1st quarter valued at approximately $31,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the company’s 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 completion of the sale, the vice president directly owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,567 shares of company stock worth $3,304,375 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Trending Headlines about RTX

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada boosted their price objective on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. TD Cowen increased their target price on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.

RTX Price Performance

RTX opened at $223.03 on Friday. The business has a fifty day moving average of $195.40 and a 200 day moving average of $193.99. The stock has a market cap of $300.59 billion, a P/E ratio of 39.27, a PEG ratio of 2.66 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $225.65.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 7.21 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders 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 payout ratio is 51.41%.

About RTX

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.