6,748 Shares in RTX Corporation $RTX Acquired by QP Wealth Management LLC

QP Wealth Management LLC bought a new position in RTX Corporation (NYSE:RTX) during the 3rd quarter, HoldingsChannel reports. The fund bought 6,748 shares of the company’s stock, valued at approximately $1,253,000. RTX makes up 1.9% of QP Wealth Management LLC’s investment portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Benchmark Financial Wealth Advisors LLC lifted its stake in RTX by 15.5% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 1,665 shares of the company’s stock worth $309,000 after acquiring an additional 223 shares during the period. Parkside Investments LLC bought a new stake in RTX in the third quarter valued at $743,000. Physician Wealth Advisors Inc. boosted its holdings in RTX by 8.3% in the third quarter. Physician Wealth Advisors Inc. now owns 1,136 shares of the company’s stock valued at $211,000 after acquiring an additional 87 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in RTX during the 3rd quarter valued at $41,876,000. Finally, Cohen Investment Advisors LLC increased its position in RTX by 0.3% during the 3rd quarter. Cohen Investment Advisors LLC now owns 30,067 shares of the company’s stock valued at $5,582,000 after purchasing an additional 83 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RTX. Sanford C. Bernstein cut their target price on shares of RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a research note on Thursday, October 15th. Rothschild & Co Redburn boosted their price target on shares of RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Argus set a $245.00 price target on shares of RTX and gave the stock a “buy” rating in a research note on Thursday, July 30th. UBS Group increased their price target on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a report on Tuesday, October 13th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $226.75.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Q3 results exceeded expectations. Adjusted earnings per share reached $2.26, versus the $1.78 analyst consensus, while revenue rose 11.1% year over year to approximately $25 billion. RTX Reports Q3 2026 Results
• Positive Sentiment: RTX raised its 2026 outlook for the third time this year. The company now expects adjusted sales of $97 billion to $97.5 billion, up from its previous $95 billion-$96 billion range, supported by double-digit growth and improved operating performance. RTX lifts 2026 forecasts
• Positive Sentiment: Record backlog improves revenue visibility. More than $81 billion in new commercial and defense awards during the quarter lifted total backlog to a record $340 billion. Management also said missile contracts provide nearly a decade of demand visibility. RTX Lifts Forecast
• Positive Sentiment: Defense wins add to growth momentum. RTX secured $729 million in counter-drone LIDS contracts, including its first international KuRFS and Coyote sales, while Raytheon’s Javelin joint venture received a $215 million U.S. Army launcher contract. RTX Secures LIDS Contracts
• Positive Sentiment: New aerospace products could support longer-term growth. Pratt & Whitney Canada introduced its certified PT9 turboprop engine, offering 33% more power at altitude and 20% lower fuel consumption than prior-generation engines. Collins Aerospace also launched its Tower MicroELITE air-traffic surveillance system. Pratt & Whitney Canada introduces PT9 engine
• Negative Sentiment: Cash-flow quality remains a consideration. A portion of the improvement in operating cash flow came from selling receivables, which may be less repeatable than cash generated from core operations. RTX cash recovery from receivables

Insider Activity

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,222 shares of company stock valued at $6,362,003 in the last quarter. 0.10% of the stock is currently owned by insiders.

RTX Trading Up 0.5%

NYSE:RTX opened at $193.16 on Wednesday. The stock has a market cap of $260.34 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.47 and a beta of 0.31. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average price is $198.46 and its 200-day moving average price is $193.68. RTX Corporation has a 52 week low of $166.74 and a 52 week high of $226.88.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. The company had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%. RTX’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. On average, equities research analysts forecast that RTX Corporation will post 7.23 earnings per share for the current fiscal year.

RTX Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.