TD Waterhouse Canada Inc. Trims Position in RTX Corporation $RTX

Key Points

• TD Waterhouse Canada cut its RTX stake by 44.1% in the second quarter, selling 108,112 shares and retaining 136,776 shares valued at approximately $26.2 million. Institutional investors collectively own 86.5% of RTX.
• Analyst sentiment remains favorable: RTX has a consensus “Moderate Buy” rating and an average price target of $228.59, above its reported opening price of $200.75.
• RTX exceeded quarterly expectations with $1.89 in adjusted earnings per share and $24.71 billion in revenue, while revenue increased 14.5% year over year. The company also maintains a quarterly dividend of $0.73 per share, yielding about 1.5% annually.

TD Waterhouse Canada Inc. lowered its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 44.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,776 shares of the company's stock after selling 108,112 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in RTX were worth $26,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. Fortress Financial Group LLC purchased a new stake in shares of RTX during the second quarter worth approximately $358,000. Navalign LLC acquired a new position in RTX in the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX during the 4th quarter worth $26,000. Evergreen Advisors LLC acquired a new stake in shares of RTX in the 1st quarter worth $31,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RTX. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $238.00 price objective on shares of RTX in a report on Monday, July 27th. Dbs Bank raised RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. Robert W. Baird set a $240.00 target price on RTX in a report on Friday, July 24th. Wells Fargo & Company upped their price target on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. Finally, Argus set a $245.00 price objective on shares of RTX in a research note on Thursday, July 30th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.59.

RTX Trading Down 0.7%

Shares of RTX stock opened at $200.75 on Friday. The stock has a market cap of $270.56 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.60 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 Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The business has a fifty day simple moving average of $207.91 and a 200-day simple moving average of $196.13.

RTX (NYSE:RTX - Get Free Report) last issued 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 firm 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 firm's revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, 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 was paid on Thursday, September 3rd. Investors of record on Friday, August 14th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. RTX's dividend payout ratio is presently 51.41%.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 2,250 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the transaction, the vice president owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by insiders.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Pratt & Whitney is expanding production capacity. The RTX business is investing $25 million to expand its precision-parts facility in Niepołomice, Poland. The project is expected to be operational in 2028, add more than 120 jobs, and support rising demand for commercial and military engines. RTX Pratt & Whitney Poland expansion
• Positive Sentiment: Defense demand remains a key tailwind. Naval modernization contracts and RTX’s substantial backlog are viewed as supporting longer-term revenue visibility, potentially offering investors an attractive entry point following the sector’s pullback. Defense stocks and Navy tailwinds
• Neutral Sentiment: Valuation signals are mixed. A recent analysis found RTX potentially undervalued based on discounted cash flow, while earnings multiples suggest the stock is closer to fair value after a 169.7% five-year advance. That may limit near-term upside unless earnings growth accelerates. RTX valuation analysis
• Positive Sentiment: Analyst sentiment remains favorable. Wall Street commentary continues to highlight optimistic recommendations for RTX, supporting the view that the recent weakness may be a consolidation rather than a change in the long-term outlook. Wall Street outlook for RTX

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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