NewEdge Wealth LLC Purchases Shares of 40,818 RTX Corporation $RTX

NewEdge Wealth LLC acquired a new position in shares of RTX Corporation (NYSE:RTX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,818 shares of the company’s stock, valued at approximately $7,744,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Patrick Mauro Investment Advisor INC. acquired a new stake in RTX in the 2nd quarter valued at approximately $7,105,000. Smith Partners Wealth Management LLC bought a new stake in shares of RTX in the second quarter valued at approximately $461,000. Empirical Asset Management LLC acquired a new stake in shares of RTX in the second quarter worth $517,000. Catalyst Investment Management LLC acquired a new position in RTX during the 2nd quarter valued at $900,000. Finally, Chancellor Financial Group WB LP bought a new stake in RTX in the 2nd quarter valued at $483,000. Institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, won a roughly $22.9 billion U.S. Navy Tomahawk missile contract spanning seven years. The agreement is expected to increase production to more than 1,000 missiles annually, providing substantial long-term revenue visibility and supporting RTX’s defense backlog. RTX Stock Gets a Radar Lock on a $23B Navy Win
• Positive Sentiment: The contract follows RTX’s better-than-expected second-quarter results: adjusted EPS was $1.89 versus the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. Management’s fiscal 2026 EPS outlook of $7.10–$7.25 and continued dividend growth reinforce the company’s favorable operating momentum. RTX Stock Gets a Radar Lock on a $23B Navy Win
• Neutral Sentiment: Industry research projects growth in the commercial aircraft inflight entertainment and connectivity market, including opportunities in Asia-Pacific fleet expansion and aircraft retrofits. RTX is listed among the key participants, but the report does not announce a specific contract or material financial impact for the company. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Negative Sentiment: RTX Executive Vice President Ramsaran Maharajh sold 13,655 shares for approximately $3.06 million, reducing his holdings by 50.88%. Although executive sales do not necessarily signal deteriorating fundamentals, the transaction can weigh on sentiment when the stock is near its recent high. Ramsaran Maharajh Insider Trading
• Negative Sentiment: Recent commentary notes that RTX shares have outperformed significantly and trade at a demanding valuation—approximately 39 times earnings—leaving less room for disappointment. Some investors may therefore be locking in gains or favoring other industrial and defense opportunities.
• Neutral Sentiment: Articles about modified GeForce RTX 3080 and RTX 50-series graphics cards concern NVIDIA hardware, not RTX Corporation, and should not affect RTX stock.

RTX Stock Down 2.2%

Shares of RTX opened at $220.48 on Thursday. The business’s 50 day simple moving average is $202.63 and its 200-day simple moving average is $195.34. RTX Corporation has a one year low of $150.61 and a one year high of $226.88. The company has a market capitalization of $297.16 billion, a P/E ratio of 38.82, a PEG ratio of 2.68 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 (NYSE:RTX) last announced 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. 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 analysts’ expectations of $22.89 billion. During the same quarter in the prior year, the business earned $1.56 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, sell-side analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared 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 of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is currently 51.41%.

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the sale, the vice president directly owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. The trade was a 17.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were 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 in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,222 shares of company stock worth $6,362,003 in the last quarter. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RTX. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research report on Sunday, July 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 price objective on shares of RTX in a research report on Monday, July 27th. TD Cowen upped their target price on RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Argus set a $245.00 price target on shares of RTX in a report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. One 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.