RTX Corporation $RTX Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 696,651 shares of the company's stock after selling 23,134 shares during the period. Baird Financial Group Inc. owned approximately 0.05% of RTX worth $132,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in RTX by 18,899.0% during the second quarter. California State Teachers Retirement System now owns 389,832,160 shares of the company's stock worth $73,962,856,000 after purchasing an additional 387,780,302 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of RTX in the second quarter valued at $20,970,571,000. State Street Corp raised its holdings in shares of RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company's stock valued at $16,851,633,000 after buying an additional 630,558 shares during the period. Morgan Stanley lifted its stake in RTX by 0.4% during the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock worth $5,462,310,000 after acquiring an additional 105,069 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in RTX by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock worth $3,998,155,000 after acquiring an additional 625,994 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

RTX stock opened at $198.77 on Wednesday. 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 has a fifty day simple moving average of $208.36 and a 200-day simple moving average of $196.04. The stock has a market cap of $267.89 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88.

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

RTX Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. Royal Bank Of Canada raised their price objective on shares of RTX from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. TD Cowen upped their target price on shares of RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Susquehanna raised their price target on shares of RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $240.00 price target on shares of RTX in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value 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. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction on 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 sale, the vice president 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 29,222 shares of company stock worth $6,362,003. Corporate insiders own 0.10% of the company's stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million contract to modernize the U.S. Army’s CH-47 Chinook helicopter fleet. The work includes avionics upgrades and support for fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace and defense operations. Can Chinook Modernization Strengthen RTX's Defense Growth?
• Neutral Sentiment: The Chinook award supports RTX’s exposure to sustained U.S. defense spending and Army modernization. However, the contract appears incremental relative to RTX’s roughly $268 billion market capitalization, so investors may view it as a backlog and long-term growth positive rather than a major catalyst for current-year earnings. Can Chinook Modernization Strengthen RTX's Defense Growth?

RTX Company 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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