Wellington Management Group LLP Sells 529,722 Shares of RTX Corporation $RTX

Key Points

• Wellington Management cut its RTX stake by 26.1% in the second quarter, selling 529,722 shares and retaining 1.50 million shares valued at approximately $284.8 million. Institutional investors collectively own 86.5% of RTX.
• RTX reported a strong quarter, with earnings of $1.89 per share beating estimates by $0.23 and revenue rising 14.5% year over year to $24.71 billion. The company also declared a quarterly dividend of $0.73 per share, equivalent to a 1.4% annual yield.
• Analysts remain broadly positive, giving RTX a consensus “Moderate Buy” rating and an average price target of $228.59, while recent defense news—including a nearly $23 billion Tomahawk missile contract—supports the company’s backlog and growth outlook.

Wellington Management Group LLP lowered its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 26.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,500,854 shares of the company's stock after selling 529,722 shares during the period. Wellington Management Group LLP owned 0.11% of RTX worth $284,757,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RTX. BlackRock Inc. purchased a new position in shares of RTX in the second quarter worth about $20,970,571,000. State Street Corp raised its position in shares of RTX by 0.7% in the fourth quarter. State Street Corp now owns 91,884,588 shares of the company's stock valued at $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley lifted its stake in shares of RTX by 0.4% during the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock valued at $5,462,310,000 after buying an additional 105,069 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock worth $3,998,155,000 after buying an additional 625,994 shares during the period. Finally, Norges Bank purchased a new position in RTX in the 4th quarter valued at approximately $3,167,626,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Up 0.1%

RTX stock opened at $211.97 on Monday. 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 Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The stock has a market cap of $285.68 billion, a P/E ratio of 37.32, a PEG ratio of 2.52 and a beta of 0.29. The firm's fifty day moving average price is $206.15 and its 200-day moving average price is $195.94.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same quarter last year, the company earned $1.56 earnings per share. The firm'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. Equities research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared 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 dividend yield of 1.4%. RTX's dividend payout ratio (DPR) is presently 51.41%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of analyst reports. Jefferies Financial Group set a $250.00 target price on shares of RTX in a report on Sunday, July 26th. Citigroup reiterated a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. Argus set a $245.00 price objective on RTX in a report on Thursday, July 30th. Royal Bank Of Canada raised their target price on RTX from $230.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Robert W. Baird set a $240.00 price target on RTX in a research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year U.S. military contract to accelerate Tomahawk missile production from roughly 60 to 1,000 missiles annually. The award materially expands RTX’s backlog and visibility, while highlighting sustained demand to replenish U.S. and allied weapons inventories. Is RTX Undervalued As Its $22.9 Billion Missile Contract Expands Backlog?
• Positive Sentiment: Raytheon completed a $50 million expansion of its Forest, Mississippi, facility. The 17,000-square-foot addition is intended to increase production of electronic-warfare and radar systems and is expected to create 100 high-skilled jobs by 2028, supporting RTX’s ability to fulfill growing defense orders. RTX’s Raytheon Completes $50 Million Expansion of Mississippi Manufacturing Facility
• Positive Sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation for RTX. This provides continued analyst support following the company’s latest earnings beat, in which revenue rose 14.5% year over year and earnings exceeded consensus estimates. RTX Receives Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Recent coverage comparing RTX with Rolls-Royce and the broader aerospace sector indicates that RTX has delivered strong performance this year, including an approximately 18% 90-day gain and 13% year-to-date increase. The comparison reinforces momentum but does not represent a new company catalyst. Are Aerospace Stocks Lagging RTX Corporation This Year?
• Neutral Sentiment: Most other articles concern NVIDIA’s GeForce RTX graphics cards, DLSS software, gaming PCs, or unrelated companies. Those reports do not materially affect RTX Corporation’s aerospace and defense operations or its stock.

Insider Activity

In related news, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction that occurred 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 directly owned 8,809 shares of the company's stock, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is currently owned by 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.

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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