Paralel Advisors LLC Buys Shares of 11,982 RTX Corporation $RTX

Key Points

• Paralel Advisors LLC acquired 11,982 RTX shares during the second quarter, worth approximately $2.27 million. Institutional investors collectively own 86.5% of RTX.
• RTX reported strong quarterly results, with adjusted EPS of $1.89 beating estimates and revenue rising 14.5% year over year to $24.71 billion. Raytheon also secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract.
• Analysts maintain a broadly positive outlook, with RTX carrying a “Moderate Buy” consensus rating and a $228.59 average price target. However, insider selling and a valuation near 37 times earnings could weigh on sentiment.

Paralel Advisors LLC purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,982 shares of the company's stock, valued at approximately $2,273,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock worth $22,922,464,000 after acquiring an additional 2,210,950 shares in the last quarter. BlackRock Inc. bought a new stake in RTX in the second quarter valued at about $20,970,571,000. State Street Corp increased its holdings in RTX by 0.7% in the fourth quarter. State Street Corp now owns 91,884,588 shares of the company's stock valued at $16,851,633,000 after buying an additional 630,558 shares during the last quarter. Morgan Stanley raised its stake in RTX by 0.4% during the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock valued at $5,462,310,000 after buying an additional 105,069 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in RTX by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock worth $3,998,155,000 after buying an additional 625,994 shares during the last quarter. 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: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy contract for Tomahawk cruise missiles. The agreement is expected to support production of more than 1,000 missiles annually, strengthening RTX’s defense backlog, revenue visibility and long-term cash-flow prospects. Investors May Respond to RTX Winning a $22.9 Billion Tomahawk Deal
• Positive Sentiment: The contract complements RTX’s stronger-than-expected second-quarter results. Adjusted EPS was $1.89 versus the $1.66 consensus, revenue reached $24.71 billion—up 14.5% year over year—and management raised or reaffirmed fiscal 2026 EPS guidance at $7.10–$7.25 while continuing dividend growth. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Neutral Sentiment: Industry research projects growth in commercial aircraft inflight entertainment and connectivity, including Asia-Pacific fleet expansion and aircraft retrofits. RTX is listed as a participant, but the report does not identify a new contract or quantify a near-term financial benefit. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Neutral Sentiment: Articles concerning GeForce RTX graphics cards, path-traced GTA 4 and comparisons with the PlayStation 5 relate to NVIDIA’s gaming hardware, not RTX Corporation, and have no meaningful effect on NYSE: RTX.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by 50.88%. The sale may weigh on sentiment, although it does not by itself indicate weakening fundamentals. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades near its 52-week high at a relatively rich valuation—about 37 times earnings based on the supplied market data. After the defense-contract and earnings rally, elevated expectations leave the stock vulnerable to profit-taking, even though analysts retain a broadly positive consensus.

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 2,250 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the transaction, the vice president owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was 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 represents a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on RTX shares. Wall Street Zen lowered RTX from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 26th. TD Cowen raised their price objective on RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Royal Bank Of Canada lifted their price objective on shares of RTX from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $238.00 target price on shares of RTX in a research note on Monday, July 27th. Finally, Sanford C. Bernstein increased their target price on shares of RTX from $213.00 to $232.00 and gave the stock a "market perform" rating in a report on Monday, August 3rd. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

RTX Stock Down 3.5%

NYSE:RTX opened at $212.62 on Friday. The firm has a market capitalization of $286.56 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.29. The stock has a 50 day moving average of $203.20 and a 200-day moving average of $195.42. RTX Corporation has a 52 week low of $150.61 and a 52 week 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 announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (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 business had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter last year, the business posted $1.56 EPS. The business's revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given a $0.73 dividend. 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%.

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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