Advisors Capital Management LLC Purchases Shares of 392,262 RTX Corporation $RTX

Advisors Capital Management LLC acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 392,262 shares of the company's stock, valued at approximately $74,424,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors increased its position in RTX by 8.7% during the fourth quarter. World Investment Advisors now owns 62,448 shares of the company's stock worth $11,453,000 after buying an additional 5,020 shares during the last quarter. Milestone Asset Management Group LLC lifted its position in shares of RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company's stock worth $5,504,000 after buying an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of RTX in the fourth quarter worth about $2,308,000. Truist Financial Corp boosted its stake in shares of RTX by 2.3% during the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock worth $424,575,000 after acquiring an additional 53,045 shares in the last quarter. Finally, Wealth Science Advisors LLC acquired a new position in shares of RTX during the 4th quarter valued at about $1,439,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

NYSE:RTX opened at $212.62 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The company has a 50-day moving average of $203.20 and a 200-day moving average of $195.42. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The company has a market capitalization of $286.56 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.62 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.RTX's revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities research analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX's dividend payout ratio (DPR) is currently 51.41%.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, 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 filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction on 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 transaction, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy contract for Tomahawk cruise missiles. The agreement is expected to support production of more than 1,000 missiles annually, strengthening RTX’s defense backlog, revenue visibility and long-term cash-flow prospects. Investors May Respond to RTX Winning a $22.9 Billion Tomahawk Deal
• Positive Sentiment: The contract complements RTX’s stronger-than-expected second-quarter results. Adjusted EPS was $1.89 versus the $1.66 consensus, revenue reached $24.71 billion—up 14.5% year over year—and management raised or reaffirmed fiscal 2026 EPS guidance at $7.10–$7.25 while continuing dividend growth. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Neutral Sentiment: Industry research projects growth in commercial aircraft inflight entertainment and connectivity, including Asia-Pacific fleet expansion and aircraft retrofits. RTX is listed as a participant, but the report does not identify a new contract or quantify a near-term financial benefit. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Neutral Sentiment: Articles concerning GeForce RTX graphics cards, path-traced GTA 4 and comparisons with the PlayStation 5 relate to NVIDIA’s gaming hardware, not RTX Corporation, and have no meaningful effect on NYSE: RTX.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by 50.88%. The sale may weigh on sentiment, although it does not by itself indicate weakening fundamentals. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades near its 52-week high at a relatively rich valuation—about 37 times earnings based on the supplied market data. After the defense-contract and earnings rally, elevated expectations leave the stock vulnerable to profit-taking, even though analysts retain a broadly positive consensus.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RTX. Citigroup reissued a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. Sanford C. Bernstein increased their price target on RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research note on Sunday, July 26th. Finally, TD Cowen raised their target price on shares of RTX from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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