Integrated Wealth Concepts LLC Purchases 77,120 Shares of RTX Corporation $RTX

Integrated Wealth Concepts LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 112.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,580 shares of the company’s stock after acquiring an additional 77,120 shares during the period. Integrated Wealth Concepts LLC’s holdings in RTX were worth $27,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Navalign LLC purchased a new position in RTX during the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX in the fourth quarter worth about $26,000. Core Wealth Advisors LLC purchased a new position in RTX in the fourth quarter valued at about $31,000. 1 North Wealth Services LLC increased its stake in shares of RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC bought a new position in RTX in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Key RTX News

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?

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of the business’s stock in a transaction on 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 completion of the sale, the vice president directly owned 22,349 shares of the company’s stock, valued at $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s 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 sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 in the last 90 days. 0.10% of the stock is owned by company insiders.

RTX Trading Down 1.0%

Shares of RTX stock opened at $198.77 on Wednesday. The business has a 50-day moving average price of $208.36 and a two-hundred day moving average price of $196.04. RTX Corporation has a 12-month low of $150.61 and a 12-month 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 firm 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 (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The firm had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company’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. Equities analysts anticipate that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Friday, August 14th were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 51.41%.

Analysts Set New Price Targets

A number of research firms have recently commented on RTX. Sanford C. Bernstein raised their price objective on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Jefferies Financial Group set a $250.00 price target on shares of RTX in a research report on Sunday, July 26th. Susquehanna increased their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.

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.