Leigh Baldwin & CO. LLC Makes New Investment in RTX Corporation $RTX

Key Points

• Leigh Baldwin & CO. LLC acquired 8,656 RTX shares worth approximately $1.64 million in the second quarter, while institutional investors collectively own 86.5% of the company.
• RTX reported strong quarterly results, beating EPS and revenue estimates, with revenue rising 14.5% year over year. The company also secured a roughly $22.9 billion, seven-year Tomahawk missile contract and maintained fiscal 2026 EPS guidance of $7.10–$7.25.
• Despite favorable business developments and a “Moderate Buy” analyst consensus, RTX’s valuation is elevated at about 37 times earnings, while recent insider share sales could weigh on investor sentiment.

Leigh Baldwin & CO. LLC acquired a new position in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,656 shares of the company's stock, valued at approximately $1,642,000. RTX makes up approximately 0.9% of Leigh Baldwin & CO. LLC's investment portfolio, making the stock its 27th largest holding.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after acquiring an additional 159 shares during the period. United Bank boosted its stake in shares of RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company's stock worth $1,490,000 after acquiring an additional 4,131 shares during the period. Schnieders Capital Management LLC. grew its position in shares of RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock worth $3,052,000 after purchasing an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of RTX during the second quarter worth about $5,157,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

More RTX News

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 Price Performance

NYSE:RTX opened at $210.36 on Monday. The business's 50-day moving average is $203.73 and its 200 day moving average is $195.49. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The company has a market capitalization of $283.51 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.50 and a beta of 0.29. 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 released 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. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. During the same quarter last year, the business posted $1.56 EPS. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX's payout ratio is currently 51.41%.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the sale, the insider owned 8,809 shares of the company's stock, valued at $1,852,444.61. This represents a 49.27% 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 link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on 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 transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 29,222 shares of company stock worth $6,362,003. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RTX shares. Wall Street Zen cut RTX from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 26th. Morgan Stanley reaffirmed an "overweight" rating and set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. Erste Group Bank cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. Finally, Citigroup restated a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

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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