469,300 Shares in RTX Corporation $RTX Acquired by Kinetic Partners Management LP

Kinetic Partners Management LP purchased a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, HoldingsChannel reports. The firm purchased 469,300 shares of the company’s stock, valued at approximately $89,040,000. RTX accounts for about 2.1% of Kinetic Partners Management LP’s holdings, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. bought a new position in shares of RTX during the 2nd quarter valued at about $20,970,571,000. Norges Bank acquired a new stake in RTX in the 4th quarter valued at $3,167,626,000. Auto Owners Insurance Co raised its holdings in RTX by 24,730.9% during the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after acquiring an additional 10,062,269 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of RTX in the 2nd quarter valued at approximately $1,456,256,000. Finally, Legal & General Group Plc bought a new position in shares of RTX in the 2nd quarter valued at about $1,267,256,000. Institutional investors own 86.50% of the company’s stock.

RTX News Roundup

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.

Wall Street Analyst Weigh In

RTX has been the topic of several research analyst reports. Robert W. Baird set a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. Sanford C. Bernstein raised their price target on RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Wells Fargo & Company upped their target price on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Susquehanna raised their price target on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. Finally, Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 4,760 shares of the business’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. The trade was a 17.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 in the last three months. Company insiders own 0.10% of the company’s stock.

RTX Trading Up 0.5%

Shares of RTX stock opened at $210.32 on Wednesday. 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 fifty day simple moving average of $204.72 and a 200 day simple moving average of $195.62. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The company has a market capitalization of $283.47 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 2.49 and a beta of 0.29.

RTX (NYSE:RTX) last announced its earnings results 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 during the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, sell-side analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio (DPR) is 51.41%.

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.