Syntax Research Inc. Sells 2,876 Shares of RTX Corporation $RTX

Syntax Research Inc. trimmed its holdings in RTX Corporation (NYSE:RTX) by 61.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,839 shares of the company’s stock after selling 2,876 shares during the quarter. Syntax Research Inc.’s holdings in RTX were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Navalign LLC bought a new stake in RTX in the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX in the 4th quarter worth $26,000. Core Wealth Advisors LLC bought a new position in shares of RTX during the 4th quarter worth about $31,000. 1 North Wealth Services LLC increased its holdings in shares of RTX by 456.7% during the 4th 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. Finally, Evergreen Advisors LLC acquired a new position in shares of RTX during the first quarter valued at about $31,000. Institutional investors own 86.50% of the company’s stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Collins Aerospace subsidiary won an approximately $42.5 million sole-source U.S. Navy contract for navigation and air-traffic coordination systems running through August 2031. The award adds to the company’s recently secured, roughly $22.9 billion, seven-year Tomahawk missile contract and reinforces exposure to long-term naval modernization. RTX’s total backlog is approximately $289 billion, including $119 billion in defense. Defense Stocks Are Pulling Back as Their Navy Tailwinds Get Stronger
• Positive Sentiment: Wall Street commentary remains constructive, citing RTX’s defense demand, rising earnings estimates and recent outperformance versus the aerospace and defense industry. The company’s latest quarterly report also showed strong execution, with earnings and revenue exceeding consensus expectations and revenue growing 14.5% year over year. Wall Street Bulls Look Optimistic About RTX
• Positive Sentiment: A valuation review found RTX potentially undervalued on discounted cash flow, while its earnings multiple appears closer to fair value. This provides a possible fundamental support level if defense and aerospace contract growth continues. RTX Stock Looks Below Fair Value on Cash Flow
• Neutral Sentiment: RTX trades at about 35.5 times earnings, with shares below the 50-day moving average but above the 200-day average. The setup suggests recent consolidation rather than a clear change in the long-term trend.
• Negative Sentiment: The stock’s premium valuation could limit additional upside and leaves less room for execution disappointments. Recent sector weakness and reported insider selling also add near-term caution, although neither necessarily signals deteriorating fundamentals. RTX Outperforms Industry in the Past 6 Months

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RTX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 target price on shares of RTX in a research note on Monday, July 27th. Sanford C. Bernstein upped their price target on RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Susquehanna raised their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. TD Cowen lifted their price objective on RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $228.59.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction 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 sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the 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 sale, the vice president directly owned 20,099 shares in the company, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is currently owned by insiders.

RTX Stock Performance

NYSE:RTX opened at $201.80 on Friday. The firm has a market capitalization of $271.98 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The firm has a 50-day moving average price of $207.66 and a 200 day moving average price of $196.10.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $22.89 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

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

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.