Pointe Capital Management LLC Invests $3.06 Million in RTX Corporation $RTX

Pointe Capital Management LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,130 shares of the company’s stock, valued at approximately $3,060,000. RTX makes up approximately 1.4% of Pointe Capital Management LLC’s holdings, making the stock its 17th biggest holding.

Several other hedge funds have also recently bought and sold shares of RTX. BlackRock Inc. acquired a new stake in RTX during the 2nd quarter worth about $20,970,571,000. State Street Corp increased its holdings in shares of RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company’s stock valued at $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley lifted its position in shares of RTX by 0.4% in the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock worth $5,462,310,000 after purchasing an additional 105,069 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of RTX by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock worth $3,998,155,000 after purchasing an additional 625,994 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of RTX during the fourth quarter worth approximately $3,167,626,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 target price on shares of RTX in a research report on Monday, July 27th. Wells Fargo & Company boosted their price target on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 price target on shares of RTX in a research note on Friday, July 24th. Finally, Jefferies Financial Group set a $250.00 price objective on RTX in a report on Sunday, July 26th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $228.59.

RTX Price Performance

Shares of RTX opened at $210.32 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The firm has a market cap of $283.47 billion, a PE ratio of 37.03, a PEG ratio of 2.49 and a beta of 0.29. The firm’s 50 day moving average price is $204.72 and its 200 day moving average price is $195.62. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts expect that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The firm 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 1.4%. RTX’s dividend payout ratio is currently 51.41%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace completes F-35 altitude testing: RTX’s Collins Aerospace successfully completed high-altitude testing of its Enhanced Power and Cooling System (EPACS), validating performance in conditions relevant to real-world F-35 operations. The system is designed to provide greater cooling capacity for advanced mission systems, supporting future F-35 upgrades and potentially other defense and commercial aircraft programs. The milestone reinforces RTX’s technology position, although it is not expected to create an immediate material revenue impact. RTX Collins Aerospace EPACS completes altitude testing
• Positive Sentiment: RTX remains a strong aerospace and defense performer: Recent comparisons of RTX with L3Harris, GE Aerospace and Boeing highlight its momentum, growth outlook, return on invested capital and exposure to commercial aerospace recovery and defense demand. The favorable sector positioning may be supporting investor interest in RTX. RTX versus L3Harris aerospace momentum comparison
• Neutral Sentiment: NVIDIA “RTX” coverage is unrelated to RTX Corporation: Reports on DLSS 4.5, RTX Remix, RTX Spark laptops, GeForce graphics cards and gaming PCs concern NVIDIA’s product ecosystem. They do not represent announcements, sales or competitive developments for NYSE:RTX and should not be treated as direct catalysts for RTX Corporation’s stock.

Insiders Place Their Bets

In other RTX news, 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 transaction of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% 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 valued at $6,362,003 over the last three months. 0.10% of the stock is currently owned by insiders.

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.