Bellars Harris Wealth Management LLC Makes New $8.74 Million Investment in RTX Corporation $RTX

Key Points

• Bellars Harris Wealth Management initiated an approximately $8.74 million position in RTX during the second quarter, while institutional investors collectively own 86.5% of the company.
• RTX reported better-than-expected quarterly results, with EPS of $1.89 and revenue of $24.71 billion, up 14.5% year over year. The company maintained 2026 EPS guidance of $7.10–$7.25 and declared a quarterly dividend of $0.73 per share.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $228.59 price target, while new Pentagon missile-production agreements could support future defense revenue. However, RTX’s valuation—around 39 times earnings—may limit upside unless earnings and contract execution remain strong.

Bellars Harris Wealth Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 46,072 shares of the company's stock, valued at approximately $8,741,000. RTX makes up about 1.8% of Bellars Harris Wealth Management LLC's holdings, making the stock its 23rd biggest holding.

Other institutional investors have also modified their holdings of the company. Sutton Place Investors LLC purchased a new position in shares of RTX during the second quarter valued at approximately $219,000. GSA Capital Partners LLP purchased a new stake in RTX in the 2nd quarter worth approximately $2,854,000. Stuart Investment Advisors Inc. purchased a new stake in RTX in the 2nd quarter worth approximately $290,000. Langley Wealth Management LLC acquired a new position in RTX in the 2nd quarter valued at $625,000. Finally, Avalon Trust Co acquired a new position in RTX in the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Transactions at RTX

In related 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 transaction of $1,799,451.53. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the sale, the vice president directly owned 22,349 shares of the company's stock, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 15,567 shares of company stock worth $3,304,375. Company insiders own 0.10% of the company's stock.

Key Headlines Impacting 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

Analyst Ratings Changes

Several research firms have recently issued reports on RTX. Citigroup restated a "buy" rating on shares of RTX in a report on Wednesday, June 17th. Jefferies Financial Group set a $250.00 target price on RTX in a research note on Sunday, July 26th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $238.00 target price on shares of RTX in a research report on Monday, July 27th. Dbs Bank raised RTX from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company lifted 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

RTX Stock Up 1.1%

Shares of NYSE RTX opened at $222.88 on Friday. The stock has a market capitalization of $300.38 billion, a PE ratio of 39.24, a P/E/G ratio of 2.65 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $200.02 and a 200-day moving average of $194.86. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the company posted $1.56 EPS. The business's quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, analysts anticipate that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.3%. 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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