Glenview Trust Co Purchases Shares of 120,689 RTX Corporation $RTX

Glenview Trust Co purchased a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,689 shares of the company’s stock, valued at approximately $23,281,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of RTX in the second quarter worth about $20,970,571,000. Norges Bank acquired a new stake in RTX during the fourth quarter worth about $3,167,626,000. Auto Owners Insurance Co raised its position in RTX by 24,730.9% during the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after acquiring an additional 10,062,269 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in RTX during the second quarter valued at approximately $1,456,256,000. Finally, Legal & General Group Plc acquired a new position in RTX in the second quarter valued at approximately $1,267,256,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird set a $240.00 price objective on RTX in a research 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. Argus set a $245.00 target price on shares of RTX in a research note on Thursday, July 30th. Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Finally, UBS Group raised their price target on shares of RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $228.59.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction on Friday, July 24th. The shares were 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 of the company’s stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the transaction, the vice president owned 20,099 shares of the company’s stock, valued at $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by corporate insiders.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon completed a $50 million expansion of its Mississippi manufacturing facility, adding 17,000 square feet of capacity for electronic-warfare and radar systems. The project is expected to create 100 high-skill jobs by 2028 and should help RTX fulfill growing defense demand. Raytheon Mississippi facility expansion
• Positive Sentiment: Investors continue to focus on Raytheon’s $22.9 billion Tomahawk missile contract, awarded to accelerate production as the U.S. replenishes depleted inventories. The order reinforces RTX’s defense backlog and long-term revenue visibility. Raytheon Tomahawk missile order
• Positive Sentiment: Recent research highlights a 22% backlog increase to $289 billion, 14% reported sales growth, 21% adjusted EPS growth and improved free cash flow in the latest quarter. Raytheon led segment growth, while Pratt & Whitney and Collins Aerospace are showing operational progress. RTX stock outlook
• Positive Sentiment: Brokerages collectively rate RTX “Moderate Buy,” supporting the view that defense demand and commercial aerospace maintenance activity can sustain earnings growth. RTX consensus recommendation
• Neutral Sentiment: Analysts describe RTX’s outlook as a combination of a powerful backlog and a potential cash-flow inflection, but investors will be watching whether manufacturing investments convert into stronger free cash flow. RTX backlog and cash flow analysis
• Negative Sentiment: One recent analysis downgraded RTX because its premium valuation already reflects much of the missile and commercial-maintenance upside, leaving less room for execution disappointments or delays in cash-flow improvement. RTX valuation downgrade analysis

RTX Stock Performance

NYSE RTX opened at $211.98 on Friday. The stock has a market capitalization of $285.70 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.52 and a beta of 0.29. The stock has a 50-day moving average of $205.63 and a 200 day moving average of $195.83. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.RTX’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts anticipate that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

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 paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. RTX’s dividend payout ratio (DPR) is currently 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.