Charles Schwab Trust Co Takes Position in RTX Corporation $RTX

Charles Schwab Trust Co acquired a new position in shares of RTX Corporation (NYSE:RTX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,282 shares of the company’s stock, valued at approximately $1,002,000.

A number of other hedge funds have also bought and sold shares of RTX. Navalign LLC acquired a new position in shares of RTX in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX during the 4th quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new stake in RTX during the fourth quarter worth approximately $31,000. 1 North Wealth Services LLC increased its holdings in RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. Finally, Evergreen Advisors LLC acquired a new position in RTX in the first quarter valued at approximately $31,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $223.46 on Tuesday. 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 firm has a fifty day simple moving average of $196.38 and a two-hundred day simple moving average of $194.12. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The firm has a market capitalization of $301.17 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 2.66 and a beta of 0.29.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the firm earned $1.56 earnings per share. The business’s quarterly 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. Analysts forecast that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on RTX. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. Robert W. Baird set a $240.00 target price on shares of RTX in a research report on Friday, July 24th. Argus set a $245.00 target price on shares of RTX in a research note on Thursday, July 30th. Finally, Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $228.59.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon awarded a $745 million SM-3 contract: RTX’s Raytheon business received a Missile Defense Agency contract to produce and sustain Standard Missile-3 Block IIA interceptors. The award provides additional backlog and revenue visibility while reinforcing RTX’s position in U.S. and allied ballistic-missile defense. RTX’s Raytheon awarded $745 million contract for SM-3 IIA interceptors
• Positive Sentiment: New unmanned undersea vehicle demonstrated: Raytheon and Composite Energy Technologies successfully demonstrated undersea launch capabilities for HADALUS, a low-cost, long-endurance autonomous unmanned undersea vehicle. The technology could expand RTX’s exposure to emerging maritime surveillance and defense applications, although the near-term financial impact is not yet quantified. RTX’s Raytheon and Composite Energy Technology successfully demonstrate new unmanned undersea vehicle

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the vice president owned 20,099 shares of the company’s stock, valued at $4,360,076.07. This trade represents a 10.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,567 shares of company stock valued at $3,304,375. Company insiders own 0.10% of the company’s stock.

RTX Company 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.