Amundi Raises Stock Position in RTX Corporation $RTX

Key Points

• Amundi increased its RTX stake by 4.0% in the second quarter, acquiring 295,964 additional shares and bringing its total holdings to 7.77 million shares valued at approximately $1.47 billion.
• Institutional investors and hedge funds own 86.5% of RTX, with several major investors—including BlackRock and Norges Bank—initiating or significantly expanding positions.
• RTX reported stronger-than-expected quarterly results, with $1.89 in EPS and $24.71 billion in revenue; analysts maintain a “Moderate Buy” consensus rating with an average price target of $228.59.

Amundi lifted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,768,207 shares of the company's stock after acquiring an additional 295,964 shares during the quarter. Amundi owned about 0.58% of RTX worth $1,473,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in RTX by 18,899.0% in the second quarter. California State Teachers Retirement System now owns 389,832,160 shares of the company's stock valued at $73,962,856,000 after purchasing an additional 387,780,302 shares during the last quarter. BlackRock Inc. acquired a new stake in RTX during the 2nd quarter valued at approximately $20,970,571,000. Norges Bank purchased a new stake in RTX during the 4th quarter worth approximately $3,167,626,000. Auto Owners Insurance Co raised its position in shares of RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of RTX in the 2nd quarter valued at approximately $1,456,256,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Pratt & Whitney is expanding production capacity. The RTX business is investing $25 million to expand its precision-parts facility in Niepołomice, Poland. The project is expected to be operational in 2028, add more than 120 jobs, and support rising demand for commercial and military engines. RTX Pratt & Whitney Poland expansion
• Positive Sentiment: Defense demand remains a key tailwind. Naval modernization contracts and RTX’s substantial backlog are viewed as supporting longer-term revenue visibility, potentially offering investors an attractive entry point following the sector’s pullback. Defense stocks and Navy tailwinds
• Neutral Sentiment: Valuation signals are mixed. A recent analysis found RTX potentially undervalued based on discounted cash flow, while earnings multiples suggest the stock is closer to fair value after a 169.7% five-year advance. That may limit near-term upside unless earnings growth accelerates. RTX valuation analysis
• Positive Sentiment: Analyst sentiment remains favorable. Wall Street commentary continues to highlight optimistic recommendations for RTX, supporting the view that the recent weakness may be a consolidation rather than a change in the long-term outlook. Wall Street outlook for RTX

RTX Stock Performance

Shares of RTX stock opened at $200.75 on Monday. The company has a market cap of $270.56 billion, a P/E ratio of 35.34, a PEG ratio of 2.59 and a beta of 0.29. The business has a 50 day moving average of $207.91 and a two-hundred day moving average of $196.10. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The company 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. As a group, analysts anticipate that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Friday, August 14th were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 14th. RTX's dividend payout ratio is currently 51.41%.

Analyst Ratings Changes

A number of research firms have recently weighed in on RTX. Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $240.00 price target on shares of RTX in a report on Friday, July 24th. Sanford C. Bernstein increased their price objective on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their target price on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Finally, Argus set a $245.00 price target on shares of RTX in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.59.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction that occurred 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 sale, the insider directly owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 22,349 shares of the company's stock, valued at $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 29,222 shares of company stock worth $6,362,003 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

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.

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