Elevation Point Wealth Partners LLC Makes New $10.06 Million Investment in RTX Corporation $RTX

Key Points

• Elevation Point Wealth Partners initiated a $10.06 million RTX position by purchasing 53,023 shares in the second quarter. Institutional investors collectively own 86.5% of RTX.
• RTX reported stronger-than-expected quarterly results, with EPS of $1.89 and revenue of $24.71 billion, up 14.5% year over year. The company also issued fiscal 2026 EPS guidance of $7.10–$7.25 and maintains a $0.73 quarterly dividend.
• Analysts hold a consensus “Moderate Buy” rating with an average price target of $228.59, while insiders sold 29,222 shares worth about $6.36 million over the last quarter. RTX also recently secured a roughly $22.9 billion Tomahawk missile contract, supporting its long-term defense backlog.

Elevation Point Wealth Partners LLC bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 53,023 shares of the company's stock, valued at approximately $10,060,000.

Several other hedge funds have also modified their holdings of RTX. Alpha Cubed Investments LLC raised its position in RTX by 0.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company's stock worth $2,700,000 after purchasing an additional 50 shares during the last quarter. Schulhoff & Co. Inc. boosted its position in RTX by 1.7% in the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company's stock valued at $585,000 after buying an additional 52 shares during the last quarter. Sunbeam Capital Management LLC boosted its position in RTX by 1.6% in the 4th quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company's stock valued at $620,000 after buying an additional 53 shares during the last quarter. Sequent Planning LLC increased its stake in shares of RTX by 1.6% in the 4th quarter. Sequent Planning LLC now owns 3,364 shares of the company's stock valued at $617,000 after buying an additional 54 shares during the period. Finally, Boston Family Office LLC increased its stake in shares of RTX by 0.3% in the 4th quarter. Boston Family Office LLC now owns 17,857 shares of the company's stock valued at $3,275,000 after buying an additional 54 shares during the period. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was 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 directly owned 13,184 shares of the company's stock, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 29,222 shares of company stock worth $6,362,003. Insiders own 0.10% of the company's stock.

RTX Price Performance

RTX opened at $210.36 on Friday. The company has a fifty day moving average price of $203.73 and a two-hundred day moving average price of $195.53. The firm has a market capitalization of $283.51 billion, a PE ratio of 37.04, a P/E/G 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. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter in the prior year, the business posted $1.56 EPS. The firm's quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RTX shares. Weiss Ratings lowered RTX from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Wells Fargo & Company lifted their price objective on RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Royal Bank Of Canada lifted their price objective on RTX from $230.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Argus set a $245.00 price objective on RTX in a report on Thursday, July 30th. Finally, Dbs Bank upgraded shares of RTX from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 10th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.59.

RTX News Summary

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.

RTX 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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