The Manufacturers Life Insurance Company Invests $144.31 Million in RTX Corporation $RTX

Key Points

• The Manufacturers Life Insurance Company acquired 760,603 RTX shares worth approximately $144.3 million, while institutional investors and hedge funds collectively own 86.5% of the company.
• RTX reported quarterly EPS of $1.89, beating estimates of $1.66, on revenue of $24.71 billion—up 14.5% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $228.59.
• RTX announced a quarterly dividend of $0.73 per share, equivalent to a $2.92 annualized payout and a 1.4% yield; meanwhile, company insiders sold approximately $6.36 million of stock over the past 90 days.

The Manufacturers Life Insurance Company bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 760,603 shares of the company's stock, valued at approximately $144,309,000. The Manufacturers Life Insurance Company owned approximately 0.06% of RTX as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Alpha Cubed Investments LLC lifted its position in RTX by 0.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company's stock valued at $2,700,000 after purchasing an additional 50 shares during the period. Schulhoff & Co. Inc. increased its position in RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company's stock worth $585,000 after purchasing an additional 52 shares during the period. Sunbeam Capital Management LLC increased its position in RTX by 1.6% during the 4th quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company's stock worth $620,000 after purchasing an additional 53 shares during the period. Sequent Planning LLC raised its stake in shares of RTX by 1.6% during the 4th quarter. Sequent Planning LLC now owns 3,364 shares of the company's stock worth $617,000 after buying an additional 54 shares in the last quarter. Finally, Boston Family Office LLC raised its stake in shares of RTX by 0.3% during the 4th quarter. Boston Family Office LLC now owns 17,857 shares of the company's stock worth $3,275,000 after buying an additional 54 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Kevin G. Dasilva sold 4,760 shares of the business's stock in a transaction dated 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 sale, the vice president directly owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated Tuesday, August 18th. The shares were 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 in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Dbs Bank upgraded RTX from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 10th. Jefferies Financial Group set a $250.00 price objective on RTX in a research report on Sunday, July 26th. TD Cowen raised their target price on RTX from $225.00 to $240.00 and gave the company a "buy" rating in a report on Monday, July 27th. Robert W. Baird set a $240.00 target price on RTX in a report on Friday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. One equities 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $228.59.

RTX Price Performance

Shares of NYSE:RTX opened at $209.22 on Tuesday. The business's 50 day simple moving average is $204.25 and its 200-day simple moving average is $195.53. The firm has a market capitalization of $281.97 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 2.50 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. 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 released its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping 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 business had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. The company's revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued 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 1.4%. RTX's dividend payout ratio is 51.41%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace, an RTX business, completed altitude testing of its Enhanced Power and Cooling System (EPACS). The testing validated performance in high-altitude conditions and supports greater cooling capacity for advanced mission systems on the F-35, as well as potential future defense and commercial aircraft. The milestone reinforces RTX’s role in upgrading the F-35 platform, although it does not by itself indicate an immediate revenue or earnings change. RTX Collins Aerospace EPACS altitude testing announcement
• Neutral Sentiment: A sector comparison of GE Aerospace, Boeing and RTX says aerospace and defense leaders have outperformed their broader sector basket in 2026. The article may support continued investor interest in RTX, but it provides no new company guidance, contract award or operational update. Aerospace and defense stock performance comparison
• Neutral Sentiment: Multiple articles discuss Acer gaming laptops, NVIDIA GeForce RTX 50-series graphics cards, RTX 5090 pricing and gaming benchmarks. These stories concern NVIDIA’s products—not RTX Corporation—and therefore should not materially affect RTX shares.

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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