Glenview Trust Co Takes Position in RTX Corporation $RTX

Glenview Trust Co purchased a new position in RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 120,689 shares of the company’s stock, valued at approximately $23,281,000.

Other large investors have also recently made changes to their positions in the company. Brooks Moore & Associates Inc. lifted its holdings in RTX by 7.1% in the 2nd quarter. Brooks Moore & Associates Inc. now owns 10,532 shares of the company’s stock valued at $1,998,000 after purchasing an additional 700 shares in the last quarter. WNY Asset Management LLC boosted its stake in RTX by 6.8% during the 2nd quarter. WNY Asset Management LLC now owns 4,385 shares of the company’s stock worth $832,000 after purchasing an additional 278 shares during the last quarter. Hamilton Capital LLC grew its holdings in shares of RTX by 2.9% during the second quarter. Hamilton Capital LLC now owns 2,059 shares of the company’s stock worth $391,000 after buying an additional 58 shares in the last quarter. Equitable Holdings Inc. grew its holdings in shares of RTX by 4.4% during the second quarter. Equitable Holdings Inc. now owns 171,288 shares of the company’s stock worth $32,498,000 after buying an additional 7,186 shares in the last quarter. Finally, Centaurus Financial Inc. raised its position in shares of RTX by 1.8% in the second quarter. Centaurus Financial Inc. now owns 11,717 shares of the company’s stock valued at $2,223,000 after buying an additional 207 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction that occurred on Friday, July 24th. The shares were 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. The trade was a 17.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 8,557 shares of the company’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 completion of the transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,222 shares of company stock worth $6,362,003 in the last ninety days. 0.10% of the stock is owned by insiders.

RTX Stock Down 0.0%

Shares of RTX opened at $211.98 on Friday. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $205.63 and a two-hundred day simple moving average of $195.83. The company has a market capitalization of $285.70 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. During the same quarter in the previous year, the company 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 EPS for the current 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. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s payout ratio is presently 51.41%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RTX shares. Morgan Stanley restated an “overweight” rating and set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Sanford C. Bernstein increased their price objective on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their target price on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Citigroup restated a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Finally, Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon completed a $50 million expansion of its Mississippi manufacturing facility, adding 17,000 square feet of capacity for electronic-warfare and radar systems. The project is expected to create 100 high-skill jobs by 2028 and should help RTX fulfill growing defense demand. Raytheon Mississippi facility expansion
• Positive Sentiment: Investors continue to focus on Raytheon’s $22.9 billion Tomahawk missile contract, awarded to accelerate production as the U.S. replenishes depleted inventories. The order reinforces RTX’s defense backlog and long-term revenue visibility. Raytheon Tomahawk missile order
• Positive Sentiment: Recent research highlights a 22% backlog increase to $289 billion, 14% reported sales growth, 21% adjusted EPS growth and improved free cash flow in the latest quarter. Raytheon led segment growth, while Pratt & Whitney and Collins Aerospace are showing operational progress. RTX stock outlook
• Positive Sentiment: Brokerages collectively rate RTX “Moderate Buy,” supporting the view that defense demand and commercial aerospace maintenance activity can sustain earnings growth. RTX consensus recommendation
• Neutral Sentiment: Analysts describe RTX’s outlook as a combination of a powerful backlog and a potential cash-flow inflection, but investors will be watching whether manufacturing investments convert into stronger free cash flow. RTX backlog and cash flow analysis
• Negative Sentiment: One recent analysis downgraded RTX because its premium valuation already reflects much of the missile and commercial-maintenance upside, leaving less room for execution disappointments or delays in cash-flow improvement. RTX valuation downgrade analysis

RTX Company 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.