Marvin & Palmer Associates Inc. Sells 19,049 Shares of RTX Corporation $RTX

Marvin & Palmer Associates Inc. cut its holdings in shares of RTX Corporation (NYSE:RTX) by 57.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,130 shares of the company’s stock after selling 19,049 shares during the period. RTX accounts for 1.7% of Marvin & Palmer Associates Inc.’s holdings, making the stock its 22nd biggest holding. Marvin & Palmer Associates Inc.’s holdings in RTX were worth $2,681,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares in the last quarter. United Bank lifted its position in shares of RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after buying an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of RTX by 3.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after buying an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of RTX in the 2nd quarter valued at about $5,157,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

More 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.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. TD Cowen increased their price objective on RTX from $225.00 to $240.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company raised their price objective on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $228.59.

RTX Trading Down 0.1%

NYSE:RTX opened at $211.97 on Friday. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The firm has a fifty day simple moving average of $206.15 and a 200-day simple moving average of $195.94. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $285.68 billion, a P/E ratio of 37.32, a PEG ratio of 2.52 and a beta of 0.29.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $22.89 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The business’s quarterly 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. On average, equities research analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. 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%.

Insider Activity

In other news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the transaction, the vice president directly owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was 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 of the company’s stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 29,222 shares of company stock valued at $6,362,003. Company insiders own 0.10% of the company’s stock.

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.