SummitTX Capital L.P. Acquires Shares of 2,660 RTX Corporation $RTX

SummitTX Capital L.P. acquired a new position in shares of RTX Corporation (NYSE:RTX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,660 shares of the company’s stock, valued at approximately $513,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in RTX by 67.1% during the 1st quarter. Lazard Asset Management LLC now owns 460,015 shares of the company’s stock worth $88,737,000 after buying an additional 184,751 shares during the last quarter. Family Manage LLC increased its holdings in shares of RTX by 449.9% in the 1st quarter. Family Manage LLC now owns 17,057 shares of the company’s stock valued at $3,290,000 after acquiring an additional 13,955 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of RTX by 191.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 18,237 shares of the company’s stock valued at $3,518,000 after acquiring an additional 11,981 shares during the last quarter. Cypress Capital Group raised its position in shares of RTX by 3.0% during the 1st quarter. Cypress Capital Group now owns 40,249 shares of the company’s stock valued at $7,764,000 after acquiring an additional 1,180 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in shares of RTX by 65.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 96,162 shares of the company’s stock valued at $18,550,000 after acquiring an additional 37,990 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the sale, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the sale, the vice president directly owned 20,099 shares in the company, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 15,567 shares of company stock worth $3,304,375. 0.10% of the stock is currently owned by insiders.

RTX Price Performance

Shares of RTX opened at $215.58 on Friday. The company has a market cap of $290.55 billion, a P/E ratio of 37.95, a PEG ratio of 2.55 and a beta of 0.30. The stock has a fifty day moving average price of $191.15 and a 200 day moving average price of $193.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $221.34.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, research analysts forecast that RTX Corporation will post 7.21 earnings per share for the current year.

RTX Dividend Announcement

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. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio (DPR) is 51.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RTX shares. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, June 17th. TD Cowen raised their price target on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird set a $240.00 price target on shares of RTX in a report on Friday, July 24th. Finally, Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.94.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Pratt & Whitney, RTX’s engine business, received a nearly $1.3 billion undefinitized contract for F135 engine spare parts. The award supports sustainment of engines powering all three F-35 Lightning II variants, strengthening RTX’s defense backlog and long-term revenue visibility. RTX’s Pratt & Whitney awarded $1.3 billion F135 sustainment contract
• Positive Sentiment: Investor sentiment remains supported by RTX’s latest earnings beat: quarterly revenue rose 14.5% year over year to $24.71 billion, while EPS of $1.89 exceeded consensus by $0.23. Management also raised its full-year 2026 outlook, with guidance of $7.10-$7.25 in EPS, citing a record $289 billion backlog across commercial aftermarket and defense programs. How RTX’s Q2 Beat, Raised Outlook and Record Backlog Will Impact RTX Investors
• Positive Sentiment: Analyst support has improved after the earnings report, with Morgan Stanley raising its RTX price target. RTX is also being highlighted among industrial stocks positioned to benefit from resilient manufacturing, defense demand and infrastructure investment. Morgan Stanley raises RTX stock price target after earnings
• Neutral Sentiment: A comparison of RTX with Redwire frames RTX as the more established company, benefiting from scale, execution and a substantial backlog, while Redwire offers potentially faster sales and earnings growth. The analysis underscores RTX’s steadier profile but also suggests investors should weigh its higher valuation against its growth prospects. RTX vs. Redwire: Which Aerospace & Defense Stock Offers More Upside?
• Negative Sentiment: Reports of insider selling briefly pressured RTX shares, highlighting profit-taking risk after a strong rally toward the stock’s 12-month high. RTX’s valuation—about 38 times earnings—also leaves the stock more sensitive to any disappointment in execution or guidance. RTX shares down following insider selling

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.