Renaissance Investment Group LLC Cuts Stake in RTX Corporation $RTX

Renaissance Investment Group LLC reduced its stake in RTX Corporation (NYSE:RTX) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,650 shares of the company’s stock after selling 2,672 shares during the period. RTX makes up about 2.9% of Renaissance Investment Group LLC’s holdings, making the stock its 14th largest holding. Renaissance Investment Group LLC’s holdings in RTX were worth $14,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of RTX. Norges Bank acquired a new position in RTX in the fourth quarter valued at approximately $3,167,626,000. Auto Owners Insurance Co lifted its position in 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 acquiring an additional 10,062,269 shares during the last quarter. Amundi boosted its stake in RTX by 69.7% in the first quarter. Amundi now owns 7,472,243 shares of the company’s stock valued at $1,441,396,000 after acquiring an additional 3,070,123 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of RTX by 1,545.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock worth $316,128,000 after purchasing an additional 1,618,933 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the transaction, the vice president directly owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction on 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 sale, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,567 shares of company stock worth $3,304,375 in the last three months. Corporate insiders own 0.10% of the company’s stock.

RTX Price Performance

RTX stock opened at $223.18 on Friday. The company has a market cap of $300.80 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 2.65 and a beta of 0.29. RTX Corporation has a one year low of $150.61 and a one year high of $225.65. The business has a fifty day moving average of $194.52 and a two-hundred day moving average of $193.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 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 the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, analysts predict that RTX Corporation will post 7.21 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: SPY-6 radar milestone supports defense growth prospects. Raytheon installed the first SPY-6(V)4 radar array at the Navy’s Wallops Island test site. The system is part of the Flight IIA Arleigh Burke-class destroyer modernization program, and upcoming testing could determine the pace of fleet-wide upgrades. Successful testing would strengthen RTX’s position in naval radar and provide potential long-term program revenue. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Momentum-focused coverage remains favorable. Zacks and Yahoo Finance articles highlight RTX as a highly ranked momentum stock, reflecting its recent share-price strength, solid earnings execution and improving investor sentiment. However, these reports are largely screening-based rather than new fundamental catalysts. RTX Is a Top-Ranked Momentum Stock What Makes RTX a Strong Momentum Stock
• Neutral Sentiment: Valuation comparison provides context. A comparison with Lockheed Martin focuses on how investors are pricing two major defense contractors. It does not identify a material change in RTX’s outlook, but reinforces that valuation, backlog quality and execution will be important after the stock’s strong run. RTX vs. Lockheed Martin: How the Street Is Pricing Two Defense Giants
• Neutral Sentiment: Several RTX-branded GPU articles are unrelated to RTX Corporation. Stories about GeForce RTX 5090 pricing, driver crashes and gaming laptops concern NVIDIA’s graphics products, not RTX Corporation’s aerospace and defense business, and therefore should not affect the investment case for NYSE: RTX.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating and set a $240.00 target price on shares of RTX in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 target price on shares of RTX in a report on Monday, July 27th. Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Finally, Sanford C. Bernstein raised their price objective on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research report on Monday. One equities 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.

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.