7,800 Shares in RTX Corporation $RTX Bought by Element Capital Management LLC

by · The Markets Daily

Element Capital Management LLC bought a new stake in shares of RTX Corporation (NYSE:RTX – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,800 shares of the company’s stock, valued at approximately $1,480,000.

Several other hedge funds also recently added to or reduced their stakes in RTX. BlackRock Inc. purchased a new position in RTX during the second quarter valued at approximately $20,970,571,000. Norges Bank purchased a new stake in RTX in the 4th quarter worth approximately $3,167,626,000. Auto Owners Insurance Co grew its stake in shares of RTX by 24,730.9% during the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of RTX during the 2nd quarter worth approximately $1,456,256,000. Finally, Legal & General Group Plc purchased a new position in shares of RTX during the 2nd quarter valued at approximately $1,267,256,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX News Summary

Here are the key news stories impacting RTX this week:

  • Positive Sentiment: Collins Aerospace completes F-35 altitude testing: RTX’s Collins Aerospace successfully completed high-altitude testing of its Enhanced Power and Cooling System (EPACS), validating performance in conditions relevant to real-world F-35 operations. The system is designed to provide greater cooling capacity for advanced mission systems, supporting future F-35 upgrades and potentially other defense and commercial aircraft programs. The milestone reinforces RTX’s technology position, although it is not expected to create an immediate material revenue impact. RTX Collins Aerospace EPACS completes altitude testing
  • Positive Sentiment: RTX remains a strong aerospace and defense performer: Recent comparisons of RTX with L3Harris, GE Aerospace and Boeing highlight its momentum, growth outlook, return on invested capital and exposure to commercial aerospace recovery and defense demand. The favorable sector positioning may be supporting investor interest in RTX. RTX versus L3Harris aerospace momentum comparison
  • Neutral Sentiment: NVIDIA “RTX” coverage is unrelated to RTX Corporation: Reports on DLSS 4.5, RTX Remix, RTX Spark laptops, GeForce graphics cards and gaming PCs concern NVIDIA’s product ecosystem. They do not represent announcements, sales or competitive developments for NYSE:RTX and should not be treated as direct catalysts for RTX Corporation’s stock.

RTX Price Performance

RTX stock opened at $210.32 on Wednesday. The stock has a market capitalization of $283.47 billion, a P/E ratio of 37.03, a P/E/G ratio of 2.49 and a beta of 0.29. The company’s fifty day moving average price is $204.72 and its 200 day moving average price is $195.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88.

RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $24.71 billion during the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities research analysts anticipate that RTX Corporation will post 7.22 earnings per share 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 given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is 51.41%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and set a $240.00 price target on shares of RTX in a report on Friday, July 24th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Susquehanna upped their price objective on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. Wells Fargo & Company increased their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada raised their target price on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.

View Our Latest Stock Report on RTX

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 in the last 90 days. Insiders own 0.10% of the company’s stock.

About RTX

(Free Report)

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.

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