Royal London Asset Management Ltd. Cuts Holdings in RTX Corporation $RTX

Royal London Asset Management Ltd. lowered its position in RTX Corporation (NYSE:RTX) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 625,346 shares of the company’s stock after selling 3,336 shares during the quarter. Royal London Asset Management Ltd.’s holdings in RTX were worth $118,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mufg Securities Americas Inc. increased its stake in RTX by 9.2% during the second quarter. Mufg Securities Americas Inc. now owns 40,560 shares of the company’s stock worth $7,695,000 after acquiring an additional 3,426 shares during the last quarter. Nissay Asset Management Corp Japan lifted its stake in shares of RTX by 3.2% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 178,931 shares of the company’s stock valued at $33,949,000 after purchasing an additional 5,505 shares in the last quarter. Braun Stacey Associates Inc. grew its holdings in shares of RTX by 4.5% during the 2nd quarter. Braun Stacey Associates Inc. now owns 199,579 shares of the company’s stock worth $37,866,000 after purchasing an additional 8,572 shares during the period. Tandem Capital Management Corp ADV grew its holdings in shares of RTX by 35.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 2,004 shares of the company’s stock worth $380,000 after purchasing an additional 525 shares during the period. Finally, Field & Main Bank purchased a new stake in RTX during the second quarter worth approximately $3,461,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the business’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 completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the transaction, the vice president directly owned 20,099 shares in the company, valued at $4,360,076.07. This represents a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 29,222 shares of company stock valued at $6,362,003. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Sanford C. Bernstein upped their price target on RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Susquehanna boosted their target price on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. Weiss Ratings raised shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Finally, TD Cowen upped their price objective on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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 company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The company has a market capitalization of $285.68 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29. The company’s fifty day moving average price is $206.15 and its two-hundred day moving average price is $195.94.

RTX (NYSE:RTX) last released 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. 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 was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s payout ratio is 51.41%.

Trending Headlines about RTX

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.

About RTX

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.