Carnegie Investment Counsel Sells 5,230 Shares of RTX Corporation $RTX

Key Points

• Carnegie Investment Counsel reduced its RTX position by 2.5% in the third quarter, selling 5,230 shares and retaining 208,205 shares valued at approximately $36.4 million.
• RTX reported a strong third quarter, with adjusted EPS of $2.26 and revenue of $24.96 billion, beating analyst expectations; management also raised its 2026 outlook for sales, earnings, and free cash flow.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $226.75, though valuation, supply-chain constraints, execution, and cash-flow quality remain risks.

Carnegie Investment Counsel decreased its holdings in RTX Corporation (NYSE:RTX - Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,205 shares of the company's stock after selling 5,230 shares during the quarter. Carnegie Investment Counsel's holdings in RTX were worth $36,372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Fortress Financial Group LLC purchased a new position in shares of RTX in the 2nd quarter valued at approximately $358,000. Evergreen Advisors LLC purchased a new stake in RTX during the 1st quarter worth approximately $31,000. Signature Resources Capital Management LLC grew its position in RTX by 111.5% during the 1st quarter. Signature Resources Capital Management LLC now owns 184 shares of the company's stock worth $36,000 after purchasing an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in RTX during the 2nd quarter valued at approximately $36,000. Finally, Networth Advisors LLC acquired a new position in RTX during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Q3 earnings beat expectations: RTX reported adjusted EPS of $2.26, up 33% from $1.70 a year earlier and well above the $1.78 analyst consensus. Revenue rose 11.1% to approximately $25 billion, also exceeding expectations. RTX Reports Q3 2026 Results
• Positive Sentiment: Guidance was raised again: Management increased its 2026 adjusted sales forecast to $97 billion-$97.5 billion, from $95 billion-$96 billion, while also raising its outlook for adjusted EPS and free cash flow. This was the third forecast increase of the year. RTX lifts 2026 forecasts
• Positive Sentiment: Record backlog supports longer-term visibility: More than $81 billion in quarterly commercial and defense awards pushed RTX’s backlog to a record $340 billion. Raytheon secured $59 billion in defense awards, while management said missile contracts provide nearly a decade of demand visibility. RTX: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Defense contract momentum continued: RTX won $729 million in counter-drone contracts, including its first international KuRFS and Coyote sales. Separately, the Raytheon-Lockheed Martin Javelin joint venture received a $215 million U.S. Army launcher contract. RTX Secures $729M LIDS Contracts
• Neutral Sentiment: Cash-flow quality warrants monitoring: Operating cash flow improved substantially, but approximately $1.5 billion of the increase was attributed to selling receivables. Investors may therefore scrutinize how much of the improvement is recurring versus related to factoring. RTX cash recovery from selling receivables
• Negative Sentiment: Valuation and execution risks remain: Despite the favorable results, RTX trades at a relatively elevated earnings multiple, and investors remain focused on aerospace supply-chain constraints, program costs, and whether the large backlog converts into profitable cash flow.

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. Barclays started coverage on shares of RTX in a report on Friday, October 9th. They issued an "overweight" rating and a $223.00 price target for the company. Rothschild & Co Redburn boosted their price objective on shares of RTX from $180.00 to $215.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Sanford C. Bernstein cut their target price on RTX from $223.00 to $214.00 and set a "market perform" rating on the stock in a research report on Thursday, October 15th. Weiss Ratings raised RTX from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 25th. Finally, Citigroup restated a "buy" rating on shares of RTX in a research note on Wednesday, October 7th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $226.75.

RTX Price Performance

Shares of NYSE RTX opened at $193.16 on Wednesday. The business's 50 day moving average price is $198.46 and its 200 day moving average price is $193.68. The firm has a market cap of $260.34 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.47 and a beta of 0.31. RTX Corporation has a 52 week low of $166.74 and a 52 week high of $226.88. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. During the same quarter in the prior year, the company earned $1.70 EPS. RTX's quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that RTX Corporation will post 7.23 earnings per share for the current year.

Insider Activity

In other news, insider Troy Brunk sold 8,557 shares of the 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 sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction 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. The trade was a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,222 shares of company stock valued at $6,362,003 in the last ninety days. Insiders own 0.10% of the company's stock.

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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