Emerald Investment Advisers LLC Takes $12.96 Million Position in RTX Corporation $RTX

Emerald Investment Advisers LLC bought a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 68,291 shares of the company's stock, valued at approximately $12,957,000. RTX makes up approximately 0.9% of Emerald Investment Advisers LLC's investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the business. Navalign LLC bought a new position in shares of RTX during the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX during the 4th quarter valued at $26,000. Core Wealth Advisors LLC bought a new position in RTX during the fourth quarter worth $31,000. 1 North Wealth Services LLC boosted its stake in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Finally, Evergreen Advisors LLC acquired a new stake in RTX in the first quarter worth $31,000. 86.50% of the stock is currently owned by institutional investors.

Trending Headlines about 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.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RTX shares. Sanford C. Bernstein increased their price objective on shares of RTX from $213.00 to $232.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. Erste Group Bank lowered RTX from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Wall Street Zen downgraded RTX from a "strong-buy" rating to a "buy" rating in a research note on Sunday, April 26th. Citigroup reiterated a "buy" rating on shares of RTX in a report on Wednesday, June 17th. Finally, TD Cowen raised their price objective on RTX from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

RTX Stock Down 0.9%

RTX stock opened at $210.36 on Friday. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The firm has a market capitalization of $283.51 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.29. The firm's fifty day moving average price is $203.73 and its two-hundred day moving average price is $195.53. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. The firm had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business's revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.4%. RTX's dividend payout ratio is 51.41%.

Insider Transactions at RTX

In other 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 value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares in the company, valued at approximately $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. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 over the last ninety days. 0.10% of the stock is currently owned by insiders.

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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