Baxter Bros Inc. Makes New Investment in RTX Corporation $RTX

Key Points

• Baxter Bros Inc. acquired 85,081 RTX shares worth approximately $16.1 million in the second quarter, making RTX its 15th-largest holding. Institutional investors collectively own 86.5% of RTX.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $228.59. RTX recently exceeded quarterly earnings and revenue estimates, reporting $1.89 EPS and $24.71 billion in revenue, while revenue grew 14.5% year over year.
• RTX shares trade near their 52-week high at $222.88, but the stock’s valuation is elevated at roughly 39 times earnings. Insiders sold $3.3 million of shares during the latest quarter, while the company declared a quarterly dividend of $0.73 per share.

Baxter Bros Inc. bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,081 shares of the company's stock, valued at approximately $16,142,000. RTX comprises approximately 1.9% of Baxter Bros Inc.'s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after purchasing an additional 159 shares in the last quarter. United Bank raised its position in shares of RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company's stock worth $1,490,000 after purchasing an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock worth $3,052,000 after purchasing an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in RTX in the 2nd quarter valued at approximately $5,157,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Argus set a $245.00 price target on RTX in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $238.00 price objective on shares of RTX in a research note on Monday, July 27th. Susquehanna boosted their target price on shares of RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research note on Friday, July 24th. Weiss Ratings lowered shares of RTX from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, TD Cowen raised their price target on shares of RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.59.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction on Friday, July 24th. The stock was 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 in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the company's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the sale, the vice president owned 22,349 shares of the company's stock, valued at $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,567 shares of company stock worth $3,304,375 in the last quarter. 0.10% of the stock is owned by insiders.

RTX Trading Down 0.0%

Shares of RTX stock opened at $222.88 on Monday. The firm's 50-day simple moving average is $200.02 and its 200-day simple moving average is $194.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The firm has a market cap of $300.38 billion, a P/E ratio of 39.24, a PEG ratio of 2.65 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last released its earnings results 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. RTX had a net margin of 8.28% and a return on equity of 13.99%. 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 previous year, the firm earned $1.56 earnings per share. RTX's revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts forecast that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

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 given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX's dividend payout ratio (DPR) is 51.41%.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

About RTX

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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