Public Employees Retirement System of Ohio Sells 29,848 Shares of RTX Corporation $RTX

Public Employees Retirement System of Ohio lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 518,151 shares of the company's stock after selling 29,848 shares during the period. Public Employees Retirement System of Ohio's holdings in RTX were worth $98,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RTX. Fayez Sarofim & Co raised its position in shares of RTX by 0.5% in the 2nd quarter. Fayez Sarofim & Co now owns 630,754 shares of the company's stock worth $119,673,000 after purchasing an additional 3,015 shares during the last quarter. Redwood Investment Management LLC grew its position in RTX by 7.1% during the 2nd quarter. Redwood Investment Management LLC now owns 1,365 shares of the company's stock valued at $259,000 after purchasing an additional 91 shares during the last quarter. Proficio Capital Partners LLC grew its position in RTX by 213.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 11,390 shares of the company's stock valued at $2,161,000 after purchasing an additional 7,758 shares during the last quarter. Pure Financial Advisors LLC increased its stake in RTX by 5.4% during the 2nd quarter. Pure Financial Advisors LLC now owns 44,222 shares of the company's stock valued at $8,390,000 after purchasing an additional 2,261 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new position in RTX in the second quarter worth about $290,297,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX opened at $211.98 on Friday. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The company has a market cap of $285.70 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.52 and a beta of 0.29. 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's 50 day moving average is $205.63 and its 200 day moving average is $195.83.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX's payout ratio is presently 51.41%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon completed a $50 million expansion of its Mississippi manufacturing facility, adding 17,000 square feet of capacity for electronic-warfare and radar systems. The project is expected to create 100 high-skill jobs by 2028 and should help RTX fulfill growing defense demand. Raytheon Mississippi facility expansion
• Positive Sentiment: Investors continue to focus on Raytheon’s $22.9 billion Tomahawk missile contract, awarded to accelerate production as the U.S. replenishes depleted inventories. The order reinforces RTX’s defense backlog and long-term revenue visibility. Raytheon Tomahawk missile order
• Positive Sentiment: Recent research highlights a 22% backlog increase to $289 billion, 14% reported sales growth, 21% adjusted EPS growth and improved free cash flow in the latest quarter. Raytheon led segment growth, while Pratt & Whitney and Collins Aerospace are showing operational progress. RTX stock outlook
• Positive Sentiment: Brokerages collectively rate RTX “Moderate Buy,” supporting the view that defense demand and commercial aerospace maintenance activity can sustain earnings growth. RTX consensus recommendation
• Neutral Sentiment: Analysts describe RTX’s outlook as a combination of a powerful backlog and a potential cash-flow inflection, but investors will be watching whether manufacturing investments convert into stronger free cash flow. RTX backlog and cash flow analysis
• Negative Sentiment: One recent analysis downgraded RTX because its premium valuation already reflects much of the missile and commercial-maintenance upside, leaving less room for execution disappointments or delays in cash-flow improvement. RTX valuation downgrade analysis

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of RTX from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Wells Fargo & Company increased their target price on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Sanford C. Bernstein lifted their target price on RTX from $213.00 to $232.00 and gave the stock a "market perform" rating in a report on Monday, August 3rd. Dbs Bank upgraded RTX from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 10th. Finally, Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $228.59.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were 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 directly owned 22,349 shares of the company's stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred 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 transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by company insiders.

RTX 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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