RTX Corporation $RTX Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its RTX stake by 2,669.1% in the second quarter, reaching 1.4 million shares valued at approximately $265.6 million. Institutional investors collectively own 86.5% of the company.
• RTX reported strong quarterly results, with $1.89 in adjusted EPS and $24.71 billion in revenue, surpassing estimates and representing 14.5% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $228.59.
• RTX is pursuing longer-term growth opportunities through Pratt & Whitney’s expanding GTF engine aftermarket business and an investment in Xcimer Energy’s directed-energy technology, while insiders sold more than $6.3 million of stock over the past three months.

Corient Private Wealth LP raised its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 2,669.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,399,904 shares of the company's stock after purchasing an additional 1,349,350 shares during the quarter. Corient Private Wealth LP owned about 0.10% of RTX worth $265,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. New Age Alpha Advisors LLC purchased a new position in shares of RTX during the fourth quarter worth $2,308,000. Vanguard Personalized Indexing Management LLC lifted its position in RTX by 5.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company's stock valued at $39,054,000 after purchasing an additional 10,426 shares during the period. Thrivent Financial for Lutherans boosted its holdings in RTX by 206.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company's stock valued at $32,711,000 after purchasing an additional 120,094 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in RTX by 63.2% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company's stock worth $6,535,000 after purchasing an additional 13,118 shares during the period. Finally, Rokos Capital Management LLP grew its position in RTX by 804.3% during the 1st quarter. Rokos Capital Management LLP now owns 556,152 shares of the company's stock worth $107,265,000 after purchasing an additional 494,652 shares during the period. Hedge funds and other 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: Pratt & Whitney’s GTF aftermarket opportunity could support longer-term growth. RTX’s large geared turbofan engine fleet is creating a growing recurring-revenue opportunity as Pratt & Whitney expands its global maintenance and support network and advances engine capabilities. A larger installed base and increased service activity could improve revenue visibility and margins over time. Can RTX's GTF Aftermarket Expansion Boost Its Growth Outlook?
• Positive Sentiment: RTX is investing in next-generation directed-energy defense technology. RTX Ventures made a minority investment in Xcimer Energy and signed a teaming agreement to explore integrating Xcimer’s pulsed-laser technology into RTX defense systems. The initiative could strengthen RTX’s exposure to advanced U.S. military capabilities and create potential future program opportunities, although financial benefits are likely longer term. RTX Partners With and Invests in Xcimer Energy
• Neutral Sentiment: Heightened investor attention may increase near-term trading interest, but does not represent a new company catalyst. Zacks highlighted RTX as one of its most-watched stocks, encouraging investors to evaluate its outlook. The article provides context rather than announcing a change to guidance, earnings or contracts. RTX Corporation Is Attracting Investor Attention

Insider Activity

In related news, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction on 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 of the company's stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,222 shares of company stock worth $6,362,003 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on RTX. UBS Group boosted their price objective on RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Weiss Ratings raised RTX from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 25th. TD Cowen lifted their price target on RTX from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Jefferies Financial Group set a $250.00 price target on RTX in a report on Sunday, July 26th. Finally, Sanford C. Bernstein boosted their price target on RTX from $213.00 to $232.00 and gave the company 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 issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

RTX Trading Up 0.2%

Shares of RTX stock opened at $197.92 on Friday. The firm has a 50-day simple moving average of $208.47 and a two-hundred day simple moving average of $195.94. The company has a market cap of $266.75 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 2.54 and a beta of 0.29. RTX Corporation has a fifty-two week low of $154.36 and a fifty-two week high of $226.88. 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 posted 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. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. During the same period last year, the firm earned $1.56 EPS. The company's quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th were given a $0.73 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX's payout ratio is 51.41%.

RTX Profile

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.

The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.

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