Smith Chas P & Associates PA Cpas Purchases New Stake in RTX Corporation $RTX

Smith Chas P & Associates PA Cpas purchased a new position in shares of RTX Corporation (NYSE:RTX) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 6,406 shares of the company’s stock, valued at approximately $1,242,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of RTX in the 2nd quarter valued at $20,970,571,000. State Street Corp boosted its position in RTX by 3.1% in the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company’s stock valued at $18,103,528,000 after buying an additional 2,828,056 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in RTX by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after purchasing an additional 411,356 shares during the last quarter. Amundi increased its holdings in RTX by 4.0% during the 2nd quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after purchasing an additional 295,964 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of RTX in the second quarter worth $1,456,256,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the business’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 value of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by corporate insiders.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Strong Q3 beat and raised guidance: RTX reported adjusted earnings of $2.26 per share, well above the $1.78 consensus, while revenue rose 11.1% year over year to approximately $25 billion. Management raised full-year 2026 adjusted EPS guidance to $7.65–$7.75 from the prior outlook and projected revenue of $97.0–$97.5 billion, above analyst expectations. RTX Reports Q3 2026 Results
• Positive Sentiment: Record backlog supports visibility: More than $81 billion of new commercial and defense awards in the quarter lifted RTX’s backlog to a record $340 billion. Missile agreements, defense production and continued commercial aerospace aftermarket demand provide support for growth into 2027 and beyond. RTX lifts 2026 forecasts
• Positive Sentiment: Additional business wins and product launches: RTX secured $729 million in counter-drone contracts, while Collins Aerospace announced FAA-compliant radio-altimeter upgrades and new flight-support software. Pratt & Whitney Canada also introduced a certified turboprop engine designed to deliver more power and lower fuel consumption. RTX Secures $729M LIDS Contracts
• Neutral Sentiment: Analysts highlighted expanding margins, stronger aerospace demand and improving Pratt & Whitney performance. However, RTX’s valuation remains elevated, and the company’s decision to pause share repurchases may limit near-term shareholder returns. Are RTX and Northrop Grumman Ready to Break Out?
• Negative Sentiment: Investors remain cautious about margin pressures, aircraft-engine costs and the sustainability of cash-flow gains. A portion of recent operating-cash-flow improvement reportedly came from selling receivables, which may be viewed as less durable than organic cash generation. RTX cash recovery from selling receivables

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RTX shares. Robert W. Baird set a $240.00 target price on shares of RTX in a research note on Friday, July 24th. TD Cowen dropped their price objective on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Jefferies Financial Group set a $250.00 target price on RTX and gave the company a “buy” rating in a report on Sunday, July 26th. BNP Paribas Exane upped their price target on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $227.12.

RTX Stock Performance

NYSE:RTX opened at $191.57 on Thursday. The firm has a market capitalization of $258.19 billion, a PE ratio of 31.10, a PEG ratio of 2.33 and a beta of 0.31. RTX Corporation has a 1 year low of $166.74 and a 1 year high of $226.88. The company has a current ratio of 1.05, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $197.84 and its 200 day simple moving average is $193.65.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same period in the previous year, the business earned $1.70 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that RTX Corporation will post 7.70 EPS for the current year.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.