Bank of New York Mellon Corp Acquires Shares of 7,675,415 RTX Corporation $RTX

Bank of New York Mellon Corp purchased a new position in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,675,415 shares of the company's stock, valued at approximately $1,456,256,000. Bank of New York Mellon Corp owned about 0.57% of RTX as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in RTX. Norges Bank purchased a new position in RTX in the fourth quarter valued at about $3,167,626,000. Auto Owners Insurance Co increased its stake in shares of RTX by 24,730.9% during the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock worth $1,852,882,000 after purchasing an additional 10,062,269 shares during the last quarter. Amundi raised its holdings in shares of RTX by 69.7% in the 1st quarter. Amundi now owns 7,472,243 shares of the company's stock worth $1,441,396,000 after purchasing an additional 3,070,123 shares during the period. Vanguard Group Inc. raised its holdings in shares of RTX by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in RTX by 1,545.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company's stock valued at $316,128,000 after purchasing an additional 1,618,933 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 8,557 shares of the company's 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 transaction, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. Company insiders own 0.10% of the company's stock.

RTX Price Performance

RTX stock opened at $212.62 on Friday. The firm has a market capitalization of $286.56 billion, a P/E ratio of 37.43, a PEG ratio of 2.62 and a beta of 0.29. RTX Corporation has a one year low of $150.61 and a one year high of $226.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The business has a fifty day moving average price of $203.20 and a 200-day moving average price of $195.42.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 13.99% and a net margin of 8.28%.The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities research analysts forecast that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX's dividend payout ratio is 51.41%.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. Susquehanna upped 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. Royal Bank Of Canada lifted their price objective on RTX from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. TD Cowen boosted their price objective on RTX from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Sanford C. Bernstein upped their price objective on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Finally, UBS Group increased their target price on shares of RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $228.59.

Key Headlines Impacting RTX

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.

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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