OMERS ADMINISTRATION Corp Acquires New Shares in RTX Corporation $RTX

Key Points

• OMERS Administration Corp. acquired 96,386 RTX shares worth approximately $18.3 million in the second quarter. Institutional investors collectively own 86.5% of RTX’s outstanding stock.
• RTX reported stronger-than-expected quarterly results, with $1.89 adjusted EPS and $24.71 billion in revenue, up 14.5% year over year. The company also declared a quarterly dividend of $0.73 per share, equating to a 1.4% annualized yield.
• Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract, improving long-term revenue visibility, although RTX’s elevated valuation and recent insider selling may limit near-term upside.

OMERS ADMINISTRATION Corp bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 96,386 shares of the company's stock, valued at approximately $18,287,000.

A number of other hedge funds have also modified their holdings of RTX. BlackRock Inc. purchased a new stake in RTX in the 2nd quarter valued at about $20,970,571,000. Norges Bank acquired a new stake in shares of RTX during the fourth quarter valued at about $3,167,626,000. Auto Owners Insurance Co raised its stake in shares of RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock valued at $1,852,882,000 after acquiring an additional 10,062,269 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of RTX in the 2nd quarter worth approximately $1,456,256,000. Finally, Deutsche Bank AG acquired a new position in shares of RTX in the 2nd quarter worth approximately $725,900,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Up 0.2%

Shares of NYSE RTX opened at $210.36 on Monday. The stock has a market cap of $283.51 billion, a P/E ratio of 37.04, a PEG ratio of 2.50 and a beta of 0.29. The business's fifty day simple moving average is $203.73 and its 200-day simple 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 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 earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping 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 firm had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. During the same period in the previous year, the firm posted $1.56 EPS. RTX'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. As a group, equities analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

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 given 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 payout ratio is currently 51.41%.

RTX News Roundup

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.

Analysts Set New Price Targets

RTX has been the topic of a number of research analyst reports. Citigroup reissued a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. UBS Group increased their target price on RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Wells Fargo & Company raised their target price on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Wall Street Zen downgraded RTX from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 26th. Finally, Argus set a $245.00 price target on shares of RTX in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.59.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is currently owned by corporate insiders.

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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