Corient Private Wealth LP Purchases Shares of 1,713,111 RTX Corporation $RTX

Key Points

• Corient Private Wealth LP acquired 1.71 million RTX shares worth approximately $290.3 million, giving it a 0.13% stake; institutional investors collectively own 86.5% of the company.
• RTX reported strong quarterly results, with earnings and revenue exceeding analyst expectations and revenue up 14.5% year over year. The company also highlighted substantial defense demand, including a $22.9 billion Tomahawk missile contract and a backlog of roughly $289 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $228.59, though one downgrade cited RTX’s premium valuation and rising commercial aerospace maintenance costs. Insiders have sold 29,222 shares worth $6.36 million over the past three months.

Corient Private Wealth LP purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,713,111 shares of the company's stock, valued at approximately $290,297,000. Corient Private Wealth LP owned approximately 0.13% of RTX as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Fortress Financial Group LLC acquired a new position in shares of RTX during the second quarter valued at about $358,000. Navalign LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX in the 4th quarter valued at about $26,000. Evergreen Advisors LLC acquired a new position in RTX during the 1st quarter worth approximately $31,000. Finally, Core Wealth Advisors LLC acquired a new stake in RTX in the fourth quarter valued at approximately $31,000. Institutional investors own 86.50% of the company's stock.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Troy D. 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 directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 29,222 shares of company stock valued at $6,362,003. Company insiders own 0.10% of the company's stock.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, received a $22.9 billion U.S. military contract to accelerate Tomahawk missile production. The award supports multiyear revenue visibility and reflects the need to replenish depleted U.S. and allied stockpiles. Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation
• Positive Sentiment: Recent analyst commentary highlights a 22% backlog increase to approximately $289 billion, strong defense demand and improving free cash flow. RTX’s latest quarterly results also showed revenue growth, earnings that exceeded expectations and particularly strong performance from Raytheon. RTX Stock Will Keep Rewarding Patient Investors
• Positive Sentiment: Collins Aerospace completed altitude testing of its Enhanced Power and Cooling System for the F-35. Successful testing advances a next-generation system that could support future F-35 upgrades and related aerospace revenue. Why Is RTX Testing Progress Important for Its Next Generation Defense Systems?
• Neutral Sentiment: RTX’s Blue Canyon Technologies introduced a new spacecraft mission-enablement product. The announcement reinforces RTX’s broader space and defense capabilities, although the near-term financial impact was not disclosed. RTX’s Blue Canyon Technologies Introduces New Spacecraft Mission Enabler
• Negative Sentiment: One analyst downgraded RTX, citing its premium valuation alongside rising commercial aerospace maintenance costs. The concerns are important because the stock trades at a high earnings multiple, leaving less room for execution setbacks. RTX Corporation: More Missiles and Higher Commercial Maintenance Trigger Premium Price Tag

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird set a $240.00 price objective on RTX in a report on Friday, July 24th. Argus set a $245.00 price target on shares of RTX in a research report on Thursday, July 30th. UBS Group upped their price objective on shares of RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Citigroup reaffirmed a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Sanford C. Bernstein lifted their price objective on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.59.

RTX Stock Up 0.8%

Shares of NYSE:RTX opened at $211.93 on Thursday. The company has a market capitalization of $285.63 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 2.50 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88. The business has a fifty day moving average price of $205.11 and a two-hundred day moving average price of $195.73.

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 analysts' consensus estimates of $1.66 by $0.23. The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $1.56 earnings per share. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is currently 51.41%.

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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