Vertrix Wealth Management LLC Takes Position in RTX Corporation $RTX

Vertrix Wealth Management LLC acquired a new position in RTX Corporation (NYSE:RTX) in the second quarter, Holdings Channel reports. The firm acquired 5,359 shares of the company’s stock, valued at approximately $1,017,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Navalign LLC purchased a new stake in shares of RTX in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the fourth quarter valued at $26,000. Evergreen Advisors LLC purchased a new position in shares of RTX during the first quarter valued at $31,000. Core Wealth Advisors LLC acquired a new position in RTX during the fourth quarter valued at $31,000. Finally, 1 North Wealth Services LLC raised its position in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 137 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 4,760 shares of the firm’s 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 transaction, the vice president owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares of the company’s stock, 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. In the last ninety days, insiders have sold 15,567 shares of company stock worth $3,304,375. Insiders own 0.10% of the company’s stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense subsidiary, installed the first SPY-6(V)4 radar array at the U.S. Navy’s Wallops Island test site. The milestone begins testing for a program intended to modernize aging Flight IIA destroyers. Successful testing and subsequent fleet adoption could support RTX’s defense backlog and long-term revenue visibility. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Market coverage continues to characterize RTX as a strong momentum stock following its recent share-price performance. That sentiment may attract momentum-focused investors, though the stock’s elevated valuation means continued execution is important. What Makes RTX a Strong Momentum Stock

RTX Price Performance

RTX opened at $223.03 on Monday. The stock has a fifty day moving average price of $195.40 and a 200 day moving average price of $193.93. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $225.65. The stock has a market cap of $300.59 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 2.66 and a beta of 0.29.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $22.89 billion. During the same period in the prior year, the firm posted $1.56 EPS. The business’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. Analysts forecast that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. RTX’s dividend payout ratio is currently 51.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Susquehanna raised 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 target price on shares of RTX in a report on Monday, July 27th. Wells Fargo & Company increased their price target on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $228.59.

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.