Commerce Bank Purchases Shares of 639,400 RTX Corporation $RTX

Commerce Bank acquired a new stake in RTX Corporation (NYSE:RTX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 639,400 shares of the company’s stock, valued at approximately $121,313,000.

A number of other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of RTX in the 2nd quarter valued at $106,965,000. Academy Capital Management acquired a new position in shares of RTX during the second quarter worth $371,000. CFO4Life Group LLC purchased a new position in RTX in the second quarter valued at $250,000. Quantbot Technologies LP purchased a new position in RTX in the second quarter valued at $6,229,000. Finally, Fortress Financial Group LLC acquired a new stake in RTX in the second quarter valued at $358,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The European Commission closed its antitrust investigation into Pratt & Whitney Canada, RTX’s aircraft-engine unit. The decision removes the risk of potential enforcement action, fines or business restrictions tied to the probe. EU closes antitrust probe into RTX’s Pratt & Whitney
• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract. The award should improve long-term revenue visibility, support higher production and strengthen RTX’s defense backlog through the 2030s. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Positive Sentiment: Recent quarterly results also remain supportive: RTX exceeded EPS and revenue expectations, posted 14.5% year-over-year revenue growth and raised confidence in its fiscal 2026 outlook. These results reinforce the company’s ability to convert its backlog into cash-generating programs. How Investors May Respond to RTX Winning a US$22.9 Billion Tomahawk Deal and Raising Guidance
• Neutral Sentiment: Broader market volatility, including concerns about Treasury policy, oil prices and upcoming inflation data, may be contributing to pressure across equities rather than reflecting a change in RTX’s fundamentals.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by about 51%. While the sale may be routine, it can weigh on sentiment when the stock is near its 52-week high. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades at a demanding earnings multiple after a substantial rally. The valuation leaves less room for execution disappointments and may encourage investors to take profits.

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the sale, the vice president directly owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction 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. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by insiders.

RTX Stock Performance

NYSE RTX opened at $210.36 on Friday. The company has a fifty day moving average of $203.73 and a two-hundred day moving average of $195.53. The company has a market capitalization of $283.51 billion, a PE ratio of 37.04, a P/E/G ratio of 2.50 and a beta of 0.29. RTX Corporation has a 1 year low of $150.61 and a 1 year 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.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, analysts expect that RTX Corporation will post 7.22 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. Shareholders of record on Friday, August 14th will be paid 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 payout ratio is currently 51.41%.

Analyst Ratings Changes

A number of analysts have issued reports on RTX shares. Argus set a $245.00 price target on RTX in a report on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating and set a $240.00 target price on shares of RTX in a research report on Friday, July 24th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, TD Cowen increased their price target on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target 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.