Perigon Wealth Management LLC Makes New Investment in RTX Corporation $RTX

Key Points

• Perigon Wealth Management acquired 70,395 RTX shares during the second quarter, valued at approximately $13.36 million. Institutional investors collectively own 86.5% of the company.
• RTX reported quarterly EPS of $1.89, beating the $1.66 consensus, while revenue rose 14.5% year over year to $24.71 billion. Management maintained fiscal 2026 EPS guidance of $7.10–$7.25.
• Analysts have a generally favorable view, with an average “Moderate Buy” rating and a $228.59 price target; RTX also declared a quarterly dividend of $0.73 per share, yielding about 1.3% annually.

Perigon Wealth Management LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 70,395 shares of the company's stock, valued at approximately $13,356,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Navalign LLC purchased a new position in shares of RTX during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of RTX in the fourth quarter worth about $26,000. Core Wealth Advisors LLC bought a new position in RTX during the fourth quarter valued at approximately $31,000. 1 North Wealth Services LLC boosted its stake in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock valued at $31,000 after buying an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC purchased a new position in RTX during the 1st quarter valued at approximately $31,000. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Susquehanna upped their price objective on RTX from $235.00 to $245.00 and gave the stock a "positive" rating 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. Sanford C. Bernstein upped their price target 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. Wells Fargo & Company increased their price objective on shares of RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Finally, Citigroup reissued a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. One investment 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $228.59.

RTX Trading Down 0.5%

Shares of RTX opened at $221.87 on Tuesday. The company has a market cap of $299.03 billion, a P/E ratio of 39.06, a P/E/G ratio of 2.65 and a beta of 0.29. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88. The company's fifty day simple moving average is $200.88 and its 200-day simple moving average is $195.01. 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 data 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. The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, analysts expect that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

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

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the transaction, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction dated Friday, July 24th. The stock was 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 in the company, valued at approximately $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. 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 in the last three months. Corporate insiders own 0.10% of the company's stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year Tomahawk missile contract from the U.S. Navy. The agreement is intended to sharply expand annual production from approximately 60 missiles to more than 1,000, creating significant multi-year visibility for RTX’s defense business. US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output
• Positive Sentiment: The contract supports the Pentagon’s effort to replenish critical munitions and follows heavy Tomahawk usage in military operations. Investors view the award as evidence of sustained government demand and a potential catalyst for RTX’s defense growth. The US military is paying RTX’s Raytheon more for Tomahawk missiles
• Positive Sentiment: RTX’s latest quarterly results provide additional support: earnings per share reached $1.89 versus the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. Management’s fiscal 2026 EPS guidance of $7.10–$7.25 remains broadly consistent with analyst expectations.
• Neutral Sentiment: The contract is strategically significant, but its effect on near-term earnings will depend on production execution, capacity expansion, costs and the timing of deliveries. RTX also trades at a relatively elevated valuation, with a reported P/E near 39.
• Neutral Sentiment: Several other articles concern Nvidia GeForce RTX graphics cards, laptops or unrelated technology promotions rather than RTX Corporation. They do not materially affect the company’s investment outlook. Esports Hotel Thieves Caught Swapping Out RTX 5080 GPUs for RTX 3060s

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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