Pinnacle Associates Ltd. Acquires 225,563 Shares of RTX Corporation $RTX

Pinnacle Associates Ltd. bought a new position in RTX Corporation (NYSE:RTX) during the third quarter, Holdings Channel reports. The fund bought 225,563 shares of the company’s stock, valued at approximately $41,876,000.

A number of other hedge funds have also modified their holdings of the stock. Pine Valley Investments Ltd Liability Co raised its holdings in shares of RTX by 63.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock valued at $6,535,000 after acquiring an additional 13,118 shares during the period. Rokos Capital Management LLP boosted its stake in RTX by 804.3% in the 1st quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock worth $107,265,000 after purchasing an additional 494,652 shares during the period. Legal & General Group Plc acquired a new position in RTX in the 2nd quarter worth approximately $1,267,256,000. Eastern Bank grew its position in RTX by 112.0% during the 3rd quarter. Eastern Bank now owns 177,392 shares of the company’s stock worth $32,933,000 after purchasing an additional 93,725 shares in the last quarter. Finally, Corient Private Wealth LP grew its position in RTX by 2,669.1% during the 2nd quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company’s stock worth $265,604,000 after purchasing an additional 1,349,350 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Q3 earnings beat expectations: RTX reported adjusted EPS of $2.26, up 33% from $1.70 a year earlier and well above the $1.78 analyst consensus. Revenue rose 11.1% to approximately $25 billion, also exceeding expectations. RTX Reports Q3 2026 Results
• Positive Sentiment: Guidance was raised again: Management increased its 2026 adjusted sales forecast to $97 billion-$97.5 billion, from $95 billion-$96 billion, while also raising its outlook for adjusted EPS and free cash flow. This was the third forecast increase of the year. RTX lifts 2026 forecasts
• Positive Sentiment: Record backlog supports longer-term visibility: More than $81 billion in quarterly commercial and defense awards pushed RTX’s backlog to a record $340 billion. Raytheon secured $59 billion in defense awards, while management said missile contracts provide nearly a decade of demand visibility. RTX: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Defense contract momentum continued: RTX won $729 million in counter-drone contracts, including its first international KuRFS and Coyote sales. Separately, the Raytheon-Lockheed Martin Javelin joint venture received a $215 million U.S. Army launcher contract. RTX Secures $729M LIDS Contracts
• Neutral Sentiment: Cash-flow quality warrants monitoring: Operating cash flow improved substantially, but approximately $1.5 billion of the increase was attributed to selling receivables. Investors may therefore scrutinize how much of the improvement is recurring versus related to factoring. RTX cash recovery from selling receivables
• Negative Sentiment: Valuation and execution risks remain: Despite the favorable results, RTX trades at a relatively elevated earnings multiple, and investors remain focused on aerospace supply-chain constraints, program costs, and whether the large backlog converts into profitable cash flow.

Insider Buying and Selling 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 have sold 29,222 shares of company stock worth $6,362,003 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RTX shares. Weiss Ratings raised shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. BNP Paribas Exane raised their target price on RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Citigroup reissued a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. Finally, Wells Fargo & Company increased their price objective on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $226.75.

RTX Trading Up 0.5%

RTX stock opened at $193.16 on Wednesday. The company’s fifty day simple moving average is $198.46 and its 200-day simple moving average is $193.68. 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 12 month low of $166.74 and a 12 month high of $226.88. The stock has a market cap of $260.34 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.47 and a beta of 0.31.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 13.99% and a net margin of 8.28%. The business had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. During the same period last year, the company earned $1.70 earnings per share. RTX’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts forecast that RTX Corporation will post 7.23 EPS for the current fiscal year.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.