Avity Investment Management Inc. Sells 20,486 Shares of RTX Corporation $RTX

Key Points

• Avity Investment Management reduced its RTX position by 8.2%, selling 20,486 shares and retaining 228,978 shares valued at approximately $43.4 million. Institutional investors collectively own 86.5% of RTX.
• RTX reported quarterly EPS of $1.89, exceeding the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and a $228.59 price target.
• RTX announced a quarterly dividend of $0.73 per share, equivalent to $2.92 annually and a 1.3% yield. Company insiders sold 15,567 shares worth roughly $3.3 million during the quarter.

Avity Investment Management Inc. trimmed its position in RTX Corporation (NYSE:RTX - Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,978 shares of the company's stock after selling 20,486 shares during the quarter. RTX accounts for approximately 2.8% of Avity Investment Management Inc.'s holdings, making the stock its 16th biggest holding. Avity Investment Management Inc.'s holdings in RTX were worth $43,444,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its position in RTX by 15.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 34,231 shares of the company's stock valued at $6,495,000 after purchasing an additional 4,634 shares during the last quarter. Lexington Hill Partners LLC lifted its stake in RTX by 23.6% in the second quarter. Lexington Hill Partners LLC now owns 2,749 shares of the company's stock worth $522,000 after acquiring an additional 524 shares during the period. Affinity Capital Advisors LLC boosted its holdings in RTX by 5.2% in the second quarter. Affinity Capital Advisors LLC now owns 1,669 shares of the company's stock valued at $336,000 after acquiring an additional 83 shares in the last quarter. Valeo Financial Advisors LLC increased its position in RTX by 4.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 50,921 shares of the company's stock valued at $9,661,000 after purchasing an additional 2,110 shares during the period. Finally, Gradient Investments LLC raised its holdings in RTX by 4.2% in the 2nd quarter. Gradient Investments LLC now owns 81,001 shares of the company's stock worth $15,368,000 after purchasing an additional 3,269 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 4,760 shares of the business's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $213.62, for a total value of $1,016,831.20. Following the completion of the transaction, the vice president directly owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the 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 sale, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 15,567 shares of company stock worth $3,304,375. Insiders own 0.10% of the company's stock.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense subsidiary, installed the first SPY-6(V)4 radar array at the U.S. Navy’s Wallops Island test site. The milestone begins testing for a program intended to modernize aging Flight IIA destroyers. Successful testing and subsequent fleet adoption could support RTX’s defense backlog and long-term revenue visibility. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Market coverage continues to characterize RTX as a strong momentum stock following its recent share-price performance. That sentiment may attract momentum-focused investors, though the stock’s elevated valuation means continued execution is important. What Makes RTX a Strong Momentum Stock

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. TD Cowen lifted 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. Citigroup reaffirmed a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $238.00 target price on shares of RTX in a report on Monday, July 27th. Morgan Stanley restated an "overweight" rating and issued a $240.00 target price on shares of RTX in a research note on Friday, July 24th. Finally, Susquehanna lifted their price target on RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.59.

RTX Trading Down 0.1%

RTX stock opened at $223.03 on Friday. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $225.65. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The business's fifty day simple moving average is $195.40 and its two-hundred day simple moving average is $193.99. The company has a market capitalization of $300.59 billion, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 2.66 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.23. The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.RTX's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts predict that RTX Corporation will post 7.21 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

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.

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