E Fund Management Co. Ltd. Takes $2.71 Million Position in RTX Corporation $RTX

Key Points

• E Fund Management purchased 14,276 RTX shares worth approximately $2.71 million in the second quarter. Institutional investors collectively own 86.5% of the company.
• RTX reported strong quarterly results, with adjusted EPS of $1.89 beating the $1.66 consensus and revenue rising 14.5% year over year to $24.71 billion. Raytheon also secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract, strengthening its defense backlog.
• RTX shares trade near their 52-week high at about 37 times earnings, while insiders have sold roughly $6.36 million in stock over the past quarter. Despite valuation and insider-selling concerns, analysts maintain a “Moderate Buy” consensus with an average price target of $228.59.

E Fund Management Co. Ltd. bought a new stake in RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,276 shares of the company's stock, valued at approximately $2,709,000.

Several other large investors have also recently added to or reduced their stakes in the business. Pasadena Private Wealth LLC purchased a new position in shares of RTX during the 2nd quarter worth about $205,000. Notis McConarty Edward acquired a new position in RTX during the second quarter worth approximately $7,908,000. Somerville Kurt F acquired a new position in RTX during the second quarter worth approximately $11,284,000. MSH Capital Advisors LLC purchased a new position in RTX during the second quarter worth approximately $2,729,000. Finally, Puzo Michael J acquired a new position in shares of RTX in the 2nd quarter valued at $12,872,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy contract for Tomahawk cruise missiles. The agreement is expected to support production of more than 1,000 missiles annually, strengthening RTX’s defense backlog, revenue visibility and long-term cash-flow prospects. Investors May Respond to RTX Winning a $22.9 Billion Tomahawk Deal
• Positive Sentiment: The contract complements RTX’s stronger-than-expected second-quarter results. Adjusted EPS was $1.89 versus the $1.66 consensus, revenue reached $24.71 billion—up 14.5% year over year—and management raised or reaffirmed fiscal 2026 EPS guidance at $7.10–$7.25 while continuing dividend growth. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Neutral Sentiment: Industry research projects growth in commercial aircraft inflight entertainment and connectivity, including Asia-Pacific fleet expansion and aircraft retrofits. RTX is listed as a participant, but the report does not identify a new contract or quantify a near-term financial benefit. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Neutral Sentiment: Articles concerning GeForce RTX graphics cards, path-traced GTA 4 and comparisons with the PlayStation 5 relate to NVIDIA’s gaming hardware, not RTX Corporation, and have no meaningful effect on NYSE: RTX.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by 50.88%. The sale may weigh on sentiment, although it does not by itself indicate weakening fundamentals. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades near its 52-week high at a relatively rich valuation—about 37 times earnings based on the supplied market data. After the defense-contract and earnings rally, elevated expectations leave the stock vulnerable to profit-taking, even though analysts retain a broadly positive consensus.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the transaction, the vice president owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value 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 trade represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 over the last quarter. 0.10% of the stock is owned by corporate insiders.

RTX Price Performance

RTX opened at $212.62 on Friday. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The company has a 50 day moving average of $203.20 and a two-hundred day moving average of $195.42. The company has a market cap of $286.56 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.62 and a beta of 0.29. 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 earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.4%. RTX's dividend payout ratio (DPR) is 51.41%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RTX. Royal Bank Of Canada boosted their price objective on shares of RTX from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Argus set a $245.00 target price on RTX in a report on Thursday, July 30th. Jefferies Financial Group set a $250.00 price target on RTX in a research report on Sunday, July 26th. Sanford C. Bernstein upped their price target on RTX from $213.00 to $232.00 and gave the stock a "market perform" rating in a research note on Monday, August 3rd. Finally, UBS Group raised their price objective on RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has an average 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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source