Keebeck Wealth Management Takes Position in RTX Corporation $RTX

Key Points

• Keebeck Wealth Management initiated a position in RTX during the second quarter, purchasing 33,963 shares valued at approximately $6.44 million, or 0.6% of its portfolio. Institutional investors collectively own 86.5% of RTX.
• RTX reported strong quarterly results, with adjusted EPS of $1.89 and revenue of $24.71 billion, beating estimates and increasing 14.5% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $228.59.
• RTX benefits from a roughly $22.9 billion U.S. Navy Tomahawk contract and the closure of an antitrust investigation involving Pratt & Whitney Canada, though elevated valuation and recent insider selling could weigh on investor sentiment.

Keebeck Wealth Management bought a new position in RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,963 shares of the company's stock, valued at approximately $6,444,000. RTX comprises about 0.6% of Keebeck Wealth Management's investment portfolio, making the stock its 26th largest position.

Several other large investors also recently made changes to their positions in RTX. Vanguard Group Inc. boosted its position in shares of RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock worth $22,922,464,000 after buying an additional 2,210,950 shares during the period. BlackRock Inc. acquired a new stake in RTX in the 2nd quarter valued at approximately $20,970,571,000. State Street Corp increased its position in RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company's stock valued at $16,851,633,000 after acquiring an additional 630,558 shares during the period. Morgan Stanley raised its stake in RTX by 0.4% during the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock valued at $5,462,310,000 after acquiring an additional 105,069 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in RTX by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock valued at $3,998,155,000 after acquiring an additional 625,994 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RTX. Robert W. Baird set a $240.00 price target on RTX in a research note on Friday, July 24th. Sanford C. Bernstein lifted their price objective on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. 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. Finally, UBS Group raised their target price on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

Insider Buying and Selling

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were 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 of the company's stock, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,222 shares of company stock valued at $6,362,003 over the last three months. Company insiders own 0.10% of the company's stock.

RTX Stock Performance

RTX opened at $210.36 on Friday. The business has a 50 day moving average price of $203.73 and a two-hundred day moving average price of $195.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The company 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. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results 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. 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 analysts' expectations of $22.89 billion. During the same period last year, the firm earned $1.56 EPS. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a dividend of $0.73 per share. 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 currently 51.41%.

Key Headlines Impacting 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.

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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