Chesley Taft & Associates LLC Acquires 3,257 Shares of RTX Corporation $RTX

Chesley Taft & Associates LLC lifted its stake in RTX Corporation (NYSE:RTX) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,452 shares of the company’s stock after purchasing an additional 3,257 shares during the period. RTX accounts for approximately 0.9% of Chesley Taft & Associates LLC’s holdings, making the stock its 27th largest position. Chesley Taft & Associates LLC’s holdings in RTX were worth $23,612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RTX. Navalign LLC bought a new position in shares of RTX in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of RTX during the 4th quarter valued at approximately $26,000. Evergreen Advisors LLC bought a new position in shares of RTX during the 1st quarter valued at approximately $31,000. Core Wealth Advisors LLC purchased a new position in RTX during the fourth quarter valued at approximately $31,000. Finally, 1 North Wealth Services LLC boosted its position in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Down 0.1%

Shares of RTX opened at $223.03 on Friday. The firm has a market cap of $300.59 billion, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 2.66 and a beta of 0.29. 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 1 year low of $150.61 and a 1 year high of $225.65. The company has a 50 day simple moving average of $195.40 and a two-hundred day simple moving average of $193.99.

RTX (NYSE:RTX) last issued 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. The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities analysts expect that RTX Corporation will post 7.21 earnings per share for the current fiscal year.

RTX Announces Dividend

The business 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. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is 51.41%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RTX. Robert W. Baird set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. Wells Fargo & Company lifted their target price on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 target price on shares of RTX in a report on Friday, July 24th. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Finally, Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. One 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of the 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 transaction, the insider directly owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,016,831.20. Following the transaction, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This represents a 17.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 15,567 shares of company stock valued at $3,304,375. Company insiders own 0.10% of the company’s stock.

Trending Headlines about RTX

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 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.