Principle Wealth Partners LLC Buys New Shares in RTX Corporation $RTX

Principle Wealth Partners LLC purchased a new position in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 111,340 shares of the company's stock, valued at approximately $21,125,000. RTX comprises approximately 1.0% of Principle Wealth Partners LLC's holdings, making the stock its 21st largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of RTX during the 4th quarter worth about $3,167,626,000. Auto Owners Insurance Co grew its holdings in RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. Bank of New York Mellon Corp acquired a new position in RTX during the second quarter worth approximately $1,456,256,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in RTX during the second quarter worth approximately $636,932,000. Finally, Amundi raised its stake in RTX by 69.7% during the first quarter. Amundi now owns 7,472,243 shares of the company's stock worth $1,441,396,000 after purchasing an additional 3,070,123 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX opened at $221.87 on Tuesday. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The company has a 50 day moving average of $200.88 and a two-hundred day moving average of $195.01. 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. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX - Get Free Report) last issued its 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 business had revenue of $24.71 billion for 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 business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed 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 1.3%. RTX's dividend payout ratio (DPR) is 51.41%.

Insider Transactions at RTX

In other news, 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 value of $1,016,831.20. Following the completion of the sale, the vice president owned 22,349 shares in the company, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the sale, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 15,567 shares of company stock worth $3,304,375. 0.10% of the stock is currently owned by insiders.

RTX News Roundup

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RTX. Susquehanna lifted their price target on shares of RTX from $235.00 to $245.00 and gave the company a "positive" rating in a report on Friday, July 24th. TD Cowen increased their target price on RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Weiss Ratings cut RTX from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $238.00 price target on shares of RTX in a research report on Monday, July 27th. Finally, Argus set a $245.00 price target on RTX in a research note on Thursday, July 30th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

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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