Oppenheimer Asset Management Inc. Invests $89.23 Million in RTX Corporation $RTX

Oppenheimer Asset Management Inc. acquired a new position in RTX Corporation (NYSE:RTX) during the second quarter, HoldingsChannel.com reports. The fund acquired 470,320 shares of the company’s stock, valued at approximately $89,234,000. RTX comprises 0.9% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 18th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors increased its position in shares of RTX by 8.7% during the fourth quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after buying an additional 5,020 shares during the period. Milestone Asset Management Group LLC lifted its holdings in RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after buying an additional 7,738 shares during the period. New Age Alpha Advisors LLC acquired a new position in RTX in the fourth quarter valued at $2,308,000. Truist Financial Corp boosted its position in RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after acquiring an additional 53,045 shares during the last quarter. Finally, Wealth Science Advisors LLC bought a new stake in RTX during the fourth quarter valued at $1,439,000. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction 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 transaction, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the transaction, the vice president directly owned 22,349 shares in the company, valued at $4,774,193.38. This trade 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 15,567 shares of company stock worth $3,304,375 over the last ninety days. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RTX shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $238.00 price objective on shares of RTX in a research report on Monday, July 27th. Royal Bank Of Canada upped their target price on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 target price on shares of RTX in a report on Friday, July 24th. Finally, Susquehanna boosted their price target on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $228.59.

RTX Stock Performance

Shares of RTX stock opened at $222.88 on Friday. RTX Corporation has a one year low of $150.61 and a one year high of $226.88. The firm has a market capitalization of $300.38 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 2.62 and a beta of 0.29. The business has a 50-day simple moving average of $200.02 and a 200 day simple moving average of $194.86. 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 (NYSE:RTX) last posted its quarterly 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 the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business 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 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is presently 51.41%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

RTX 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.