Cannell & Spears LLC Has $24.70 Million Stock Position in RTX Corporation $RTX

Cannell & Spears LLC reduced its stake in RTX Corporation (NYSE:RTX) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,117 shares of the company’s stock after selling 4,149 shares during the period. Cannell & Spears LLC’s holdings in RTX were worth $24,699,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 target price on shares of RTX in a research note on Friday. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Susquehanna increased their price target on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price target on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $218.62.

RTX Stock Up 1.9%

Shares of NYSE:RTX opened at $213.09 on Friday. 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 $286.97 billion, a P/E ratio of 37.52, a P/E/G ratio of 2.76 and a beta of 0.30. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $214.89. The company’s 50-day moving average price is $187.08 and its two-hundred day moving average price is $192.19.

RTX (NYSE:RTX) last announced its 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 net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts forecast that RTX Corporation will post 7.18 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. 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 currently 51.41%.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX reported better-than-expected Q2 adjusted EPS of $1.89 on revenue of $24.71 billion, topping Wall Street estimates and showing 14.5% year-over-year revenue growth. RTX Beats on Q2 Earnings, Lifts Full-Year 2026 Guidance
• Positive Sentiment: The company raised full-year 2026 guidance for sales, EPS, and free cash flow, signaling management sees momentum continuing into the rest of the year. RTX Reports Q2 2026 Results
• Positive Sentiment: RTX highlighted a record $289 billion backlog and more than $5 billion in Patriot-related bookings, including its first U.S. Patriot order in over 30 years, reinforcing strong demand for missile and defense systems. QUICK SPARK: RTX Just Received Its First US Patriot Order in 30 Years
• Positive Sentiment: Several analysts turned more constructive, with RBC and Morgan Stanley pointing to stronger aerospace and defense demand, margin upside, and additional growth potential through 2027. RTX Q2 Results Beat Expectations on Strong Aerospace, Defense Demand, RBC Says
• Neutral Sentiment: Wells Fargo raised its price target on RTX, but kept an “equal weight” rating, suggesting a more balanced view despite the improved outlook.
• Negative Sentiment: Some commentary noted potential headwinds tied to geopolitical risks and execution challenges, which could limit upside if defense demand or operations soften. RTX Stock Rises After Strong Earnings but Faces Two Iran War Headwinds

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.