Clearstead Trust LLC Invests $912,000 in RTX Corporation $RTX

Key Points

• Clearstead Trust acquired 4,808 RTX shares worth approximately $912,000 in the second quarter. Institutional investors collectively own 86.5% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $228.59. RTX recently beat quarterly earnings and revenue estimates, reporting $1.89 EPS and $24.71 billion in revenue.
• RTX shares opened at $222.88, near their 52-week high, while the company declared a quarterly dividend of $0.73 per share, equivalent to a 1.3% annualized yield.

Clearstead Trust LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,808 shares of the company's stock, valued at approximately $912,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RTX. Norges Bank acquired a new stake in shares of RTX in the fourth quarter valued at about $3,167,626,000. Auto Owners Insurance Co lifted its stake in RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock valued at $1,852,882,000 after buying an additional 10,062,269 shares in the last quarter. Amundi boosted its holdings in RTX by 69.7% in the 1st quarter. Amundi now owns 7,472,243 shares of the company's stock worth $1,441,396,000 after buying an additional 3,070,123 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock valued at $22,922,464,000 after acquiring an additional 2,210,950 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of RTX by 1,545.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company's stock valued at $316,128,000 after acquiring an additional 1,618,933 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on RTX shares. UBS Group boosted their price target on RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Argus set a $245.00 target price on shares of RTX in a research note on Thursday, July 30th. Jefferies Financial Group set a $250.00 target price on shares of RTX in a research note on Sunday, July 26th. Citigroup reiterated a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $240.00 price target on shares of RTX in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $228.59.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the sale, the vice president owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,567 shares of company stock valued at $3,304,375 in the last three months. 0.10% of the stock is currently owned by insiders.

RTX Price Performance

NYSE:RTX opened at $222.88 on Friday. RTX Corporation has a one year low of $150.61 and a one year high of $226.88. The stock has a market cap 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 debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The stock has a 50 day moving average price of $200.02 and a 200 day moving average price of $194.86.

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

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. RTX's payout ratio is presently 51.41%.

Key Stories 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

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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