Everett Harris & Co. CA Invests $19.93 Million in RTX Corporation $RTX

Everett Harris & Co. CA purchased a new stake in RTX Corporation (NYSE:RTX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 105,058 shares of the company’s stock, valued at approximately $19,933,000.

A number of other large investors have also added to or reduced their stakes in RTX. Alpha Cubed Investments LLC lifted its position in shares of RTX by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after acquiring an additional 50 shares during the period. Schulhoff & Co. Inc. increased its position in shares of RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after purchasing an additional 52 shares during the period. Purus Wealth Management LLC raised its stake in RTX by 0.4% in the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after purchasing an additional 53 shares in the last quarter. Sunbeam Capital Management LLC lifted its position in RTX by 1.6% during the fourth quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company’s stock worth $620,000 after purchasing an additional 53 shares during the period. Finally, Sequent Planning LLC grew its stake in RTX by 1.6% during the fourth quarter. Sequent Planning LLC now owns 3,364 shares of the company’s stock worth $617,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Key Headlines Impacting RTX

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RTX. UBS Group upped their price target on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Susquehanna raised their target price on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 8,557 shares of RTX 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 sale, the insider directly owned 8,809 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,567 shares of company stock worth $3,304,375 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

RTX Price Performance

RTX stock opened at $222.88 on Friday. The stock has a market cap of $300.38 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 2.62 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The company has a 50 day simple moving average of $200.02 and a 200 day simple moving average of $194.86. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88.

RTX (NYSE:RTX) last issued its earnings results 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. 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%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts anticipate that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The company 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 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 currently 51.41%.

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.