Proficio Capital Partners LLC Buys 7,758 Shares of RTX Corporation $RTX

Proficio Capital Partners LLC raised its position in shares of RTX Corporation (NYSE:RTX) by 213.6% in the second quarter, HoldingsChannel.com reports. The firm owned 11,390 shares of the company’s stock after purchasing an additional 7,758 shares during the quarter. Proficio Capital Partners LLC’s holdings in RTX were worth $2,161,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Brighton Jones LLC boosted its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. United Bank lifted its stake in shares of RTX by 68.0% in the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after purchasing an additional 4,131 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after purchasing an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in RTX during the second quarter worth approximately $5,157,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $208.17 on Tuesday. RTX Corporation has a 52 week low of $150.61 and a 52 week 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 business has a 50 day moving average price of $206.67 and a 200-day moving average price of $196.03. The company has a market cap of $280.56 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (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 analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities 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 will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX’s dividend payout ratio is currently 51.41%.

Analyst Ratings Changes

RTX has been the topic of several recent analyst reports. Susquehanna boosted their price target on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Wells Fargo & Company boosted their target price on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $240.00 price target on shares of RTX in a report on Friday, July 24th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.59.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s reported $289 billion backlog is predominantly tied to commercial aerospace. Continued strength in commercial aviation could support production growth, cash generation and financial flexibility, allowing RTX’s defense business to avoid or exit unprofitable contracts. RTX’s $289 Billion Backlog Is Mainly Commercial, Not Defense. Here’s Why That Split Is the Real Story.
• Neutral Sentiment: A Zacks review noted that RTX fell more than the broader market in the latest trading session. The article did not identify a new earnings miss or material operational setback, suggesting the move may reflect market conditions, sector positioning or profit-taking after the stock’s strong run. Here’s Why RTX Fell More Than Broader Market
• Negative Sentiment: RTX trades at a relatively elevated earnings multiple following substantial gains over the past year, which can increase sensitivity to broad-market pullbacks when no fresh positive catalyst is present.

Insider Activity at RTX

In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total value of $1,016,831.20. Following the completion of the sale, the vice president owned 22,349 shares in the company, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following 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 position. The SEC filing for this sale provides additional information. Insiders have sold 29,222 shares of company stock valued at $6,362,003 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

RTX Profile

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.