Axxcess Wealth Management LLC Sells 43,341 Shares of RTX Corporation $RTX

Key Points

• Axxcess Wealth Management cut its RTX stake by 60.3% in the third quarter, selling 43,341 shares and retaining 28,481 shares valued at approximately $5.29 million. Institutional investors collectively own 86.5% of RTX.
• Analysts remain broadly positive: RTX has a “Moderate Buy” consensus rating from 27 analysts, with 18 Buys, 8 Holds and 1 Sell, and an average price target of $227.12.
• RTX reported quarterly EPS of $2.26 versus the $1.78 consensus, while revenue rose 11.1% year over year to $24.96 billion. Despite strong earnings and a record backlog, investors remain watchful of valuation, margin pressures and the sustainability of cash-flow gains.

Axxcess Wealth Management LLC lessened its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 60.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,481 shares of the company's stock after selling 43,341 shares during the period. Axxcess Wealth Management LLC's holdings in RTX were worth $5,287,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of RTX in the second quarter valued at approximately $20,970,571,000. State Street Corp increased its position in RTX by 3.1% during the second quarter. State Street Corp now owns 95,417,318 shares of the company's stock worth $18,103,528,000 after acquiring an additional 2,828,056 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in RTX by 5.0% during 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 worth $1,649,501,000 after acquiring an additional 411,356 shares during the period. Dimensional Fund Advisors LP raised its stake in RTX by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company's stock valued at $1,475,296,000 after purchasing an additional 95,726 shares during the last quarter. Finally, Amundi raised its stake in RTX by 4.0% during the 2nd 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 last quarter. Institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Argus set a $245.00 price objective on shares of RTX and gave the company a "buy" rating in a research report on Thursday, July 30th. Citigroup restated a "buy" rating on shares of RTX in a research note on Wednesday, October 7th. JPMorgan Chase & Co. boosted their price target on RTX from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Wells Fargo & Company upped their price target on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group raised their price objective on RTX from $195.00 to $206.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.12.

RTX Stock Down 0.9%

NYSE RTX opened at $191.57 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average is $197.84 and its two-hundred day moving average is $193.65. The company has a market capitalization of $258.19 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.33 and a beta of 0.31. RTX Corporation has a 1-year low of $166.74 and a 1-year high of $226.88.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. Equities analysts forecast that RTX Corporation will post 7.70 earnings per share for the current fiscal year.

Insider Transactions at RTX

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the sale, the vice president directly owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by insiders.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Strong Q3 beat and raised guidance: RTX reported adjusted earnings of $2.26 per share, well above the $1.78 consensus, while revenue rose 11.1% year over year to approximately $25 billion. Management raised full-year 2026 adjusted EPS guidance to $7.65–$7.75 from the prior outlook and projected revenue of $97.0–$97.5 billion, above analyst expectations. RTX Reports Q3 2026 Results
• Positive Sentiment: Record backlog supports visibility: More than $81 billion of new commercial and defense awards in the quarter lifted RTX’s backlog to a record $340 billion. Missile agreements, defense production and continued commercial aerospace aftermarket demand provide support for growth into 2027 and beyond. RTX lifts 2026 forecasts
• Positive Sentiment: Additional business wins and product launches: RTX secured $729 million in counter-drone contracts, while Collins Aerospace announced FAA-compliant radio-altimeter upgrades and new flight-support software. Pratt & Whitney Canada also introduced a certified turboprop engine designed to deliver more power and lower fuel consumption. RTX Secures $729M LIDS Contracts
• Neutral Sentiment: Analysts highlighted expanding margins, stronger aerospace demand and improving Pratt & Whitney performance. However, RTX’s valuation remains elevated, and the company’s decision to pause share repurchases may limit near-term shareholder returns. Are RTX and Northrop Grumman Ready to Break Out?
• Negative Sentiment: Investors remain cautious about margin pressures, aircraft-engine costs and the sustainability of cash-flow gains. A portion of recent operating-cash-flow improvement reportedly came from selling receivables, which may be viewed as less durable than organic cash generation. RTX cash recovery from selling receivables

RTX Profile

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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