7,800 Shares in RTX Corporation $RTX Purchased by Element Capital Management LLC

Element Capital Management LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 7,800 shares of the company’s stock, valued at approximately $1,480,000.

A number of other hedge funds also recently bought and sold shares of the business. Osterweis Capital Management Inc. purchased a new position in RTX in the 2nd quarter worth approximately $272,000. Kinloch Capital LLC purchased a new stake in shares of RTX in the second quarter valued at approximately $4,429,000. Legal & General Group Plc purchased a new stake in shares of RTX in the second quarter valued at approximately $1,267,256,000. The Manufacturers Life Insurance Company acquired a new stake in shares of RTX in the second quarter valued at approximately $144,309,000. Finally, Jones Financial Companies Lllp purchased a new position in RTX during the second quarter worth approximately $27,694,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of several analyst reports. Robert W. Baird set a $240.00 target price on RTX in a report on Friday, July 24th. Argus set a $245.00 price target on RTX in a report on Thursday, July 30th. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a report on Sunday, July 26th. Finally, TD Cowen lifted their target price on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $228.59.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 29,222 shares of company stock worth $6,362,003. Insiders own 0.10% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $210.32 on Wednesday. The stock has a fifty day simple moving average of $204.72 and a 200-day simple moving average of $195.62. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market cap of $283.47 billion, a PE ratio of 37.03, a P/E/G ratio of 2.49 and a beta of 0.29. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. The firm 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%. RTX’s revenue was up 14.5% on a year-over-year basis. 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. Equities analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is presently 51.41%.

Key Stories Impacting 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.

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.