59,474 Shares in RTX Corporation $RTX Purchased by Somerville Kurt F

Somerville Kurt F bought a new position in RTX Corporation (NYSE:RTX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 59,474 shares of the company’s stock, valued at approximately $11,284,000. RTX comprises about 2.7% of Somerville Kurt F’s holdings, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. Navalign LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new stake in RTX in the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC purchased a new stake in RTX in the fourth quarter worth approximately $31,000. 1 North Wealth Services LLC grew its position in RTX by 456.7% in 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 bought a new stake in RTX in the 1st quarter worth approximately $31,000. Institutional investors own 86.50% of the company’s stock.

RTX News Summary

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.

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 shares were 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 of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the sale, the vice president owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 over the last three months. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Robert W. Baird set a $240.00 target price on RTX in a report on Friday, July 24th. Morgan Stanley restated an “overweight” rating and set a $240.00 price target on shares of RTX in a research note on Friday, July 24th. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group increased their price objective on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada raised their price objective on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $228.59.

RTX Stock Down 2.2%

RTX stock opened at $220.48 on Thursday. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The stock has a market cap of $297.16 billion, a P/E ratio of 38.82, a PEG ratio of 2.68 and a beta of 0.29. The business’s 50-day moving average price is $202.63 and its 200-day moving average price is $195.34.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The company 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 firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts forecast that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. 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.