Pointe Capital Management LLC Buys Shares of 16,130 RTX Corporation $RTX

Key Points

• Pointe Capital Management initiated a $3.06 million position in RTX by purchasing 16,130 shares during the second quarter. Institutional investors and hedge funds collectively own 86.5% of the company.
• RTX reported strong quarterly results, with adjusted EPS of $1.89 beating estimates by $0.23 and revenue of $24.71 billion rising 14.5% year over year. The company maintained fiscal 2026 EPS guidance of $7.10 to $7.25.
• Analysts maintain a generally positive view, giving RTX a “Moderate Buy” consensus rating and an average price target of $228.59. The company also declared a quarterly dividend of $0.73 per share, equivalent to a 1.4% yield.

Pointe Capital Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,130 shares of the company's stock, valued at approximately $3,060,000. RTX makes up about 1.4% of Pointe Capital Management LLC's holdings, making the stock its 17th biggest position.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in RTX during the second quarter worth approximately $20,970,571,000. State Street Corp boosted its stake in RTX by 0.7% during the 4th quarter. State Street Corp now owns 91,884,588 shares of the company's stock valued at $16,851,633,000 after purchasing an additional 630,558 shares in the last quarter. Morgan Stanley boosted its stake in RTX by 0.4% during the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock valued at $5,462,310,000 after purchasing an additional 105,069 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of RTX by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock valued at $3,998,155,000 after purchasing an additional 625,994 shares during the period. Finally, Norges Bank acquired a new position in shares of RTX during the 4th quarter valued at $3,167,626,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the company's stock in a transaction dated 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 sale, the vice president directly owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 over the last three months. Insiders own 0.10% of the company's stock.

RTX Price Performance

NYSE RTX opened at $210.32 on Wednesday. The stock has a market capitalization of $283.47 billion, a P/E ratio of 37.03, a P/E/G ratio of 2.49 and a beta of 0.29. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88. The business's fifty day moving average is $204.72 and its two-hundred day moving average is $195.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX's dividend payout ratio is currently 51.41%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RTX. Susquehanna upped their price objective on RTX from $235.00 to $245.00 and gave the company a "positive" rating in a report on Friday, July 24th. Argus set a $245.00 target price on RTX in a report on Thursday, July 30th. Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. Finally, UBS Group raised their price objective on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace completes F-35 altitude testing: RTX’s Collins Aerospace successfully completed high-altitude testing of its Enhanced Power and Cooling System (EPACS), validating performance in conditions relevant to real-world F-35 operations. The system is designed to provide greater cooling capacity for advanced mission systems, supporting future F-35 upgrades and potentially other defense and commercial aircraft programs. The milestone reinforces RTX’s technology position, although it is not expected to create an immediate material revenue impact. RTX Collins Aerospace EPACS completes altitude testing
• Positive Sentiment: RTX remains a strong aerospace and defense performer: Recent comparisons of RTX with L3Harris, GE Aerospace and Boeing highlight its momentum, growth outlook, return on invested capital and exposure to commercial aerospace recovery and defense demand. The favorable sector positioning may be supporting investor interest in RTX. RTX versus L3Harris aerospace momentum comparison
• Neutral Sentiment: NVIDIA “RTX” coverage is unrelated to RTX Corporation: Reports on DLSS 4.5, RTX Remix, RTX Spark laptops, GeForce graphics cards and gaming PCs concern NVIDIA’s product ecosystem. They do not represent announcements, sales or competitive developments for NYSE:RTX and should not be treated as direct catalysts for RTX Corporation’s stock.

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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