Equitable Holdings Inc. Boosts Holdings in RTX Corporation $RTX

Equitable Holdings Inc. boosted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 4.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 171,288 shares of the company's stock after purchasing an additional 7,186 shares during the period. Equitable Holdings Inc.'s holdings in RTX were worth $32,498,000 at the end of the most recent quarter.

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

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction on Friday, July 24th. The stock was 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 directly owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction on Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the transaction, the vice president owned 22,349 shares in the company, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their position. 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. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RTX. Citigroup reissued a "buy" rating on shares of RTX in a report on Wednesday, June 17th. Morgan Stanley reaffirmed an "overweight" rating and issued a $240.00 price objective on shares of RTX in a report on Friday, July 24th. Dbs Bank upgraded shares of RTX from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $238.00 target price on shares of RTX in a research report on Monday, July 27th. Finally, Sanford C. Bernstein lifted their price target on RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. 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 given a Sell rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon completed a $50 million expansion of its Mississippi manufacturing facility, adding 17,000 square feet of capacity for electronic-warfare and radar systems. The project is expected to create 100 high-skill jobs by 2028 and should help RTX fulfill growing defense demand. Raytheon Mississippi facility expansion
• Positive Sentiment: Investors continue to focus on Raytheon’s $22.9 billion Tomahawk missile contract, awarded to accelerate production as the U.S. replenishes depleted inventories. The order reinforces RTX’s defense backlog and long-term revenue visibility. Raytheon Tomahawk missile order
• Positive Sentiment: Recent research highlights a 22% backlog increase to $289 billion, 14% reported sales growth, 21% adjusted EPS growth and improved free cash flow in the latest quarter. Raytheon led segment growth, while Pratt & Whitney and Collins Aerospace are showing operational progress. RTX stock outlook
• Positive Sentiment: Brokerages collectively rate RTX “Moderate Buy,” supporting the view that defense demand and commercial aerospace maintenance activity can sustain earnings growth. RTX consensus recommendation
• Neutral Sentiment: Analysts describe RTX’s outlook as a combination of a powerful backlog and a potential cash-flow inflection, but investors will be watching whether manufacturing investments convert into stronger free cash flow. RTX backlog and cash flow analysis
• Negative Sentiment: One recent analysis downgraded RTX because its premium valuation already reflects much of the missile and commercial-maintenance upside, leaving less room for execution disappointments or delays in cash-flow improvement. RTX valuation downgrade analysis

RTX Price Performance

Shares of NYSE RTX opened at $211.98 on Friday. 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 firm has a fifty day moving average of $205.63 and a 200 day moving average of $195.83. The firm has a market cap of $285.70 billion, a PE ratio of 37.32, a PEG ratio of 2.52 and a beta of 0.29. RTX Corporation has a one year low of $150.61 and a one year high of $226.88.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. RTX's dividend payout ratio is presently 51.41%.

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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