Axiom Investment Management LLC Takes Position in RTX Corporation $RTX

Key Points

• Axiom Investment Management acquired 8,568 RTX shares worth approximately $1.65 million, while institutional investors and hedge funds collectively own 86.5% of the company.
• RTX reported a strong quarter, with EPS of $1.89 and revenue of $24.71 billion, beating estimates and increasing 14.5% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $226.94.
• RTX declared a quarterly dividend of $0.73 per share, equivalent to a 1.4% annualized yield, but insiders sold 15,567 shares worth about $3.3 million during the last quarter.

Axiom Investment Management LLC acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,568 shares of the company's stock, valued at approximately $1,653,000. RTX accounts for about 1.3% of Axiom Investment Management LLC's portfolio, making the stock its 19th largest position.

Several other hedge funds have also modified their holdings of RTX. Navalign LLC purchased a new stake in RTX during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC purchased a new stake in RTX during the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new stake in shares of RTX in the fourth quarter worth $31,000. 1 North Wealth Services LLC increased its position in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Finally, Evergreen Advisors LLC purchased a new stake in RTX during the 1st quarter worth $31,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the topic of several research reports. Weiss Ratings raised RTX from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Robert W. Baird set a $240.00 target price on RTX in a research note on Friday, July 24th. Wells Fargo & Company raised their target price on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Susquehanna boosted their price target on RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a research report on Friday, July 24th. Finally, UBS Group increased their price objective on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $226.94.

RTX Stock Up 0.6%

Shares of RTX stock opened at $215.58 on Friday. The stock has a market capitalization of $290.55 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 2.55 and a beta of 0.30. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $221.34. 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 50 day simple moving average is $191.15 and its 200-day simple moving average is $193.19.

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

RTX Dividend Announcement

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

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Pratt & Whitney, RTX’s engine business, received a nearly $1.3 billion undefinitized contract for F135 engine spare parts. The award supports sustainment of engines powering all three F-35 Lightning II variants, strengthening RTX’s defense backlog and long-term revenue visibility. RTX's Pratt & Whitney awarded $1.3 billion F135 sustainment contract
• Positive Sentiment: Investor sentiment remains supported by RTX’s latest earnings beat: quarterly revenue rose 14.5% year over year to $24.71 billion, while EPS of $1.89 exceeded consensus by $0.23. Management also raised its full-year 2026 outlook, with guidance of $7.10-$7.25 in EPS, citing a record $289 billion backlog across commercial aftermarket and defense programs. How RTX’s Q2 Beat, Raised Outlook and Record Backlog Will Impact RTX Investors
• Positive Sentiment: Analyst support has improved after the earnings report, with Morgan Stanley raising its RTX price target. RTX is also being highlighted among industrial stocks positioned to benefit from resilient manufacturing, defense demand and infrastructure investment. Morgan Stanley raises RTX stock price target after earnings
• Neutral Sentiment: A comparison of RTX with Redwire frames RTX as the more established company, benefiting from scale, execution and a substantial backlog, while Redwire offers potentially faster sales and earnings growth. The analysis underscores RTX’s steadier profile but also suggests investors should weigh its higher valuation against its growth prospects. RTX vs. Redwire: Which Aerospace & Defense Stock Offers More Upside?
• Negative Sentiment: Reports of insider selling briefly pressured RTX shares, highlighting profit-taking risk after a strong rally toward the stock’s 12-month high. RTX’s valuation—about 38 times earnings—also leaves the stock more sensitive to any disappointment in execution or guidance. RTX shares down following insider selling

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 8,557 shares of the 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 transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The transaction 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 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 transaction, the vice president directly owned 22,349 shares of the company's stock, valued at approximately $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,567 shares of company stock valued at $3,304,375 in the last quarter. 0.10% of the stock is currently owned by insiders.

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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