6,748 Shares of RTX Corporation $RTX Bought by QP Wealth Management LLC

Key Points

• QP Wealth Management LLC initiated a 6,748-share position in RTX during the third quarter, valued at approximately $1.25 million and representing 1.9% of the fund’s holdings.
• Institutional investors and hedge funds own 86.5% of RTX, with several major firms—including State Street, UBS Asset Management and Amundi—recently increasing their positions.
• RTX reported quarterly earnings of $2.26 per share, exceeding estimates, while revenue rose 11.1% year over year; analysts maintain a “Moderate Buy” consensus with an average price target of $226.75.

QP Wealth Management LLC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,748 shares of the company's stock, valued at approximately $1,253,000. RTX accounts for about 1.9% of QP Wealth Management LLC's holdings, making the stock its 19th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in RTX in the second quarter worth $20,970,571,000. State Street Corp increased its stake in RTX by 3.1% in the second quarter. State Street Corp now owns 95,417,318 shares of the company's stock valued at $18,103,528,000 after purchasing an additional 2,828,056 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in RTX by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company's stock valued at $1,649,501,000 after purchasing an additional 411,356 shares in the last quarter. Amundi raised its holdings in shares of RTX by 4.0% during the second quarter. Amundi now owns 7,768,207 shares of the company's stock valued at $1,473,862,000 after purchasing an additional 295,964 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of RTX during the second quarter valued at about $1,456,256,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction on 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,222 shares of company stock valued at $6,362,003 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of NYSE RTX opened at $193.16 on Wednesday. The company has a market capitalization of $260.34 billion, a PE 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 stock's 50 day moving average price is $198.46 and its 200-day moving average price is $193.68. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The company's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that RTX Corporation will post 7.23 EPS for the current year.

Key RTX News

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BNP Paribas Exane raised their target price on RTX from $220.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Sanford C. Bernstein dropped their price target on RTX from $223.00 to $214.00 and set a "market perform" rating on the stock in a research note on Thursday, October 15th. The Goldman Sachs Group increased their price target on RTX from $195.00 to $206.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. DA Davidson increased their price target on RTX from $192.00 to $219.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. Finally, Argus set a $245.00 price objective on RTX and gave the company a "buy" rating in a research note on Thursday, July 30th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $226.75.

About RTX

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.

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