Grandfield & Dodd LLC Takes $62.86 Million Position in RTX Corporation $RTX

Key Points

• Grandfield & Dodd LLC acquired 331,291 RTX shares worth approximately $62.86 million in the second quarter, making RTX its sixth-largest holding and representing 3.3% of the fund’s portfolio. Institutional investors collectively own 86.5% of RTX.
• RTX reported quarterly EPS of $1.89, beating estimates of $1.66, while revenue rose 14.5% year over year to $24.71 billion. The company maintained fiscal 2026 EPS guidance of $7.10–$7.25 and declared a quarterly dividend of $0.73 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $228.59 price target. Recent coverage cited elevated targets of up to $250, while RTX’s shares were trading near $221.87 and at a relatively high P/E of about 39.

Grandfield & Dodd LLC bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 331,291 shares of the company's stock, valued at approximately $62,856,000. RTX accounts for approximately 3.3% of Grandfield & Dodd LLC's holdings, making the stock its 6th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors increased its stake in shares of RTX by 8.7% in the 4th quarter. World Investment Advisors now owns 62,448 shares of the company's stock valued at $11,453,000 after acquiring an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC boosted its position in shares of RTX by 34.7% during the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company's stock valued at $5,504,000 after buying an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in RTX during the 4th quarter worth $2,308,000. Truist Financial Corp grew its position in RTX by 2.3% in the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock worth $424,575,000 after purchasing an additional 53,045 shares in the last quarter. Finally, Wealth Science Advisors LLC purchased a new position in shares of RTX in the 4th quarter worth approximately $1,439,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Down 0.5%

Shares of NYSE RTX opened at $221.87 on Tuesday. The firm's fifty day moving average is $200.88 and its 200 day moving average is $195.01. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The company has a market cap of $299.03 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 2.65 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. The business 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 firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

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 1.3%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is currently 51.41%.

Insider Activity

In related news, insider Troy D. Brunk sold 8,557 shares of the business's stock in a transaction dated 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 owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president directly owned 20,099 shares of the company's stock, valued at $4,360,076.07. The trade was a 10.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 15,567 shares of company stock worth $3,304,375 over the last three months. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price 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. Morgan Stanley reiterated an "overweight" rating and issued a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Argus set a $245.00 target price on shares of RTX in a report on Thursday, July 30th. Erste Group Bank cut RTX from a "buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Jefferies Financial Group set a $250.00 price target on shares of RTX in a research note on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year Tomahawk missile contract from the U.S. Navy. The agreement is intended to sharply expand annual production from approximately 60 missiles to more than 1,000, creating significant multi-year visibility for RTX’s defense business. US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output
• Positive Sentiment: The contract supports the Pentagon’s effort to replenish critical munitions and follows heavy Tomahawk usage in military operations. Investors view the award as evidence of sustained government demand and a potential catalyst for RTX’s defense growth. The US military is paying RTX’s Raytheon more for Tomahawk missiles
• Positive Sentiment: RTX’s latest quarterly results provide additional support: earnings per share reached $1.89 versus the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. Management’s fiscal 2026 EPS guidance of $7.10–$7.25 remains broadly consistent with analyst expectations.
• Neutral Sentiment: The contract is strategically significant, but its effect on near-term earnings will depend on production execution, capacity expansion, costs and the timing of deliveries. RTX also trades at a relatively elevated valuation, with a reported P/E near 39.
• Neutral Sentiment: Several other articles concern Nvidia GeForce RTX graphics cards, laptops or unrelated technology promotions rather than RTX Corporation. They do not materially affect the company’s investment outlook. Esports Hotel Thieves Caught Swapping Out RTX 5080 GPUs for RTX 3060s

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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