Cibc World Market Inc. Buys Shares of 239,016 RTX Corporation $RTX

Key Points

• CIBC World Market Inc. bought 239,016 RTX shares worth approximately $45.3 million in the second quarter, while institutional investors collectively own 86.5% of the company.
• RTX reported stronger-than-expected quarterly results, with EPS of $1.89 versus the $1.66 consensus and revenue up 14.5% year over year to $24.71 billion. The company guided to fiscal 2026 EPS of $7.10–$7.25.
• Investor sentiment is supported by a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract and the closure of an antitrust investigation, though the stock’s elevated valuation and recent insider selling present potential risks.

Cibc World Market Inc. bought a new position in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 239,016 shares of the company's stock, valued at approximately $45,349,000.

Other institutional investors have also modified their holdings of the company. Fortress Financial Group LLC purchased a new stake in RTX during the second quarter valued at approximately $358,000. Navalign LLC purchased a new position in RTX in the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX in the fourth quarter worth $26,000. Evergreen Advisors LLC acquired a new position in shares of RTX during the first quarter worth $31,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of RTX during the fourth quarter worth $31,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.2%

NYSE:RTX opened at $210.36 on Monday. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The firm has a fifty day simple moving average of $203.73 and a 200-day simple moving average of $195.49. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $283.51 billion, a P/E ratio of 37.04, a PEG ratio of 2.50 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share 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 for the quarter, compared to analyst estimates of $22.89 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The business's quarterly 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. On average, equities research analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

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. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX's payout ratio is presently 51.41%.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The European Commission closed its antitrust investigation into Pratt & Whitney Canada, RTX’s aircraft-engine unit. The decision removes the risk of potential enforcement action, fines or business restrictions tied to the probe. EU closes antitrust probe into RTX's Pratt & Whitney
• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract. The award should improve long-term revenue visibility, support higher production and strengthen RTX’s defense backlog through the 2030s. Can RTX's Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Positive Sentiment: Recent quarterly results also remain supportive: RTX exceeded EPS and revenue expectations, posted 14.5% year-over-year revenue growth and raised confidence in its fiscal 2026 outlook. These results reinforce the company’s ability to convert its backlog into cash-generating programs. How Investors May Respond to RTX Winning a US$22.9 Billion Tomahawk Deal and Raising Guidance
• Neutral Sentiment: Broader market volatility, including concerns about Treasury policy, oil prices and upcoming inflation data, may be contributing to pressure across equities rather than reflecting a change in RTX’s fundamentals.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by about 51%. While the sale may be routine, it can weigh on sentiment when the stock is near its 52-week high. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades at a demanding earnings multiple after a substantial rally. The valuation leaves less room for execution disappointments and may encourage investors to take profits.

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RTX shares. Citigroup reissued a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. Robert W. Baird set a $240.00 target price on RTX in a research report on Friday, July 24th. Jefferies Financial Group set a $250.00 price target on RTX in a research note on Sunday, July 26th. TD Cowen raised their price target on RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $238.00 price target on shares of RTX in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

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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