Clear Harbor Asset Management LLC Invests $16.76 Million in RTX Corporation $RTX

Key Points

• Clear Harbor Asset Management initiated a $16.76 million RTX position by purchasing 88,345 shares in the second quarter, making RTX its 21st-largest holding. Institutional investors collectively own 86.5% of the company.
• RTX reported quarterly EPS of $1.89 versus the $1.66 consensus and revenue of $24.71 billion, up 14.5% year over year. The company also secured a roughly $22.9 billion, seven-year Tomahawk missile contract, strengthening its defense backlog and long-term revenue visibility.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $228.59, while RTX trades near $210 and offers a $0.73 quarterly dividend, or a 1.4% yield. Recent insider stock sales and the company’s elevated valuation could weigh on sentiment.

Clear Harbor Asset Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 88,345 shares of the company's stock, valued at approximately $16,762,000. RTX accounts for approximately 1.0% of Clear Harbor Asset Management LLC's investment portfolio, making the stock its 21st largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortress Financial Group LLC purchased a new position in shares of RTX during the second quarter valued at approximately $358,000. Navalign LLC bought a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $26,000. Evergreen Advisors LLC purchased a new stake in shares of RTX in the first quarter worth approximately $31,000. Finally, Core Wealth Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth approximately $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Down 0.9%

RTX opened at $210.36 on Friday. 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 stock's fifty day moving average is $203.73 and its two-hundred day moving average is $195.53. 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 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 during the quarter, compared to analysts' expectations of $22.89 billion. During the same period in the prior year, the business earned $1.56 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Analysts forecast that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued 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 dividend payout ratio is presently 51.41%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Susquehanna upped their price objective on RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research report on Friday, July 24th. Weiss Ratings downgraded RTX from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. UBS Group boosted their target price on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Jefferies Financial Group set a $250.00 price target on shares of RTX in a report on Sunday, July 26th. Finally, Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.59.

Key Stories Impacting 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.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 in the last three months. Corporate insiders own 0.10% of the company's stock.

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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