RTX Corporation $RTX Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its position in RTX Corporation (NYSE:RTX) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 226,939 shares of the company’s stock after selling 8,258 shares during the period. Empowered Funds LLC’s holdings in RTX were worth $43,057,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. BlackRock Inc. acquired a new stake in RTX in the second quarter valued at about $20,970,571,000. Norges Bank acquired a new stake in shares of RTX in the 4th quarter valued at approximately $3,167,626,000. Auto Owners Insurance Co boosted its stake in shares of RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after buying an additional 10,062,269 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in RTX in the second quarter worth $1,456,256,000. Finally, Legal & General Group Plc acquired a new stake in RTX in the second quarter valued at $1,267,256,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The stock was 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 $2,952,161.28. The trade was a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is currently owned by insiders.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon completed a $50 million expansion of its Mississippi manufacturing facility, adding 17,000 square feet of capacity for electronic-warfare and radar systems. The project is expected to create 100 high-skill jobs by 2028 and should help RTX fulfill growing defense demand. Raytheon Mississippi facility expansion
• Positive Sentiment: Investors continue to focus on Raytheon’s $22.9 billion Tomahawk missile contract, awarded to accelerate production as the U.S. replenishes depleted inventories. The order reinforces RTX’s defense backlog and long-term revenue visibility. Raytheon Tomahawk missile order
• Positive Sentiment: Recent research highlights a 22% backlog increase to $289 billion, 14% reported sales growth, 21% adjusted EPS growth and improved free cash flow in the latest quarter. Raytheon led segment growth, while Pratt & Whitney and Collins Aerospace are showing operational progress. RTX stock outlook
• Positive Sentiment: Brokerages collectively rate RTX “Moderate Buy,” supporting the view that defense demand and commercial aerospace maintenance activity can sustain earnings growth. RTX consensus recommendation
• Neutral Sentiment: Analysts describe RTX’s outlook as a combination of a powerful backlog and a potential cash-flow inflection, but investors will be watching whether manufacturing investments convert into stronger free cash flow. RTX backlog and cash flow analysis
• Negative Sentiment: One recent analysis downgraded RTX because its premium valuation already reflects much of the missile and commercial-maintenance upside, leaving less room for execution disappointments or delays in cash-flow improvement. RTX valuation downgrade analysis

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RTX shares. Wells Fargo & Company increased their price target on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Weiss Ratings raised shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Sanford C. Bernstein boosted their price target on RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Argus set a $245.00 price objective on RTX in a research note on Thursday, July 30th. Finally, TD Cowen boosted their target price on RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $228.59.

RTX Stock Performance

NYSE:RTX opened at $211.98 on Friday. 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 firm has a market cap of $285.70 billion, a PE ratio of 37.32, a P/E/G ratio of 2.52 and a beta of 0.29. The firm has a 50 day simple moving average of $205.63 and a 200-day simple moving average of $195.83. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping 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%. RTX’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities analysts expect that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is presently 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.