Oppenheimer Asset Management Inc. Acquires Shares of 470,320 RTX Corporation $RTX

Key Points

• Oppenheimer Asset Management acquired 470,320 RTX shares worth approximately $89.2 million, making RTX its 18th-largest holding. Institutional investors and hedge funds collectively own 86.5% of the company.
• RTX reported quarterly adjusted EPS of $1.89, beating estimates of $1.66, while revenue rose 14.5% year over year to $24.71 billion. The company reaffirmed fiscal 2026 EPS guidance of $7.10–$7.25 and announced a quarterly dividend of $0.73 per share.
• Analysts maintain a generally favorable view, with a “Moderate Buy” consensus and average price target of $228.59, but RTX’s valuation remains elevated at roughly 39 times earnings. Recent insider sales and the stock’s proximity to its 12-month high add potential caution.

Oppenheimer Asset Management Inc. bought a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 470,320 shares of the company's stock, valued at approximately $89,234,000. RTX accounts for approximately 0.9% of Oppenheimer Asset Management Inc.'s portfolio, making the stock its 18th biggest holding.

Several other large investors also recently modified their holdings of the stock. 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 purchasing an additional 5,020 shares during the last quarter. Milestone Asset Management Group LLC lifted its position in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company's stock worth $5,504,000 after buying an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in RTX in the fourth quarter valued at about $2,308,000. Truist Financial Corp boosted its stake in RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock valued at $424,575,000 after buying an additional 53,045 shares in the last quarter. Finally, Wealth Science Advisors LLC bought a new position in RTX in the fourth quarter valued at about $1,439,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on RTX shares. Robert W. Baird set a $240.00 target price on RTX in a research note on Friday, July 24th. Citigroup restated a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. Morgan Stanley reaffirmed an "overweight" rating and set a $240.00 price target on shares of RTX in a report on Friday, July 24th. Wells Fargo & Company upped their price objective on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Finally, UBS Group increased their price objective 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 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 assigned a Sell rating to the stock. According to MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX Price Performance

RTX stock opened at $222.88 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $300.38 billion, a PE ratio of 39.24, a P/E/G ratio of 2.62 and a beta of 0.29. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The stock has a 50-day moving average price of $200.02 and a two-hundred day moving average price of $194.86.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. The firm had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business's revenue for the quarter was up 14.5% on a year-over-year basis. 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. Analysts expect that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.3%. RTX's dividend payout ratio (DPR) is currently 51.41%.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 8,557 shares of the firm'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 completion of the transaction, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,567 shares of company stock worth $3,304,375 over the last three months. Insiders own 0.10% of the company's stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

About RTX

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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