Cannell & Spears LLC Has $24.70 Million Holdings in RTX Corporation $RTX

Cannell & Spears LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 3.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 128,117 shares of the company’s stock after selling 4,149 shares during the period. Cannell & Spears LLC’s holdings in RTX were worth $24,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bollard Group LLC lifted its stake in shares of RTX by 10.1% in the 1st quarter. Bollard Group LLC now owns 26,451 shares of the company’s stock valued at $5,102,000 after purchasing an additional 2,419 shares during the period. Pennington Partners & CO. LLC grew its stake in shares of RTX by 14.5% during the first quarter. Pennington Partners & CO. LLC now owns 2,404 shares of the company’s stock worth $464,000 after purchasing an additional 304 shares during the period. Compound Planning Inc. increased its holdings in RTX by 5.3% in the first quarter. Compound Planning Inc. now owns 31,613 shares of the company’s stock valued at $6,098,000 after purchasing an additional 1,603 shares during the last quarter. Klingman & Associates LLC increased its holdings in RTX by 5.5% in the first quarter. Klingman & Associates LLC now owns 5,714 shares of the company’s stock valued at $1,102,000 after purchasing an additional 300 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its stake in RTX by 0.7% in the first quarter. Modern Wealth Management LLC now owns 47,692 shares of the company’s stock valued at $9,287,000 after buying an additional 345 shares during the period. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 price target on shares of RTX in a research report on Friday. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Susquehanna boosted their price objective on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $218.62.

RTX Price Performance

Shares of RTX opened at $213.09 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The stock has a 50 day simple moving average of $187.08 and a 200 day simple moving average of $192.19. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $214.89. The firm has a market capitalization of $286.97 billion, a PE ratio of 37.52, a P/E/G ratio of 2.76 and a beta of 0.30.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same period last year, the company posted $1.56 EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts predict that RTX Corporation will post 7.18 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend 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%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX reported better-than-expected Q2 adjusted EPS of $1.89 on revenue of $24.71 billion, topping Wall Street estimates and showing 14.5% year-over-year revenue growth. RTX Beats on Q2 Earnings, Lifts Full-Year 2026 Guidance
• Positive Sentiment: The company raised full-year 2026 guidance for sales, EPS, and free cash flow, signaling management sees momentum continuing into the rest of the year. RTX Reports Q2 2026 Results
• Positive Sentiment: RTX highlighted a record $289 billion backlog and more than $5 billion in Patriot-related bookings, including its first U.S. Patriot order in over 30 years, reinforcing strong demand for missile and defense systems. QUICK SPARK: RTX Just Received Its First US Patriot Order in 30 Years
• Positive Sentiment: Several analysts turned more constructive, with RBC and Morgan Stanley pointing to stronger aerospace and defense demand, margin upside, and additional growth potential through 2027. RTX Q2 Results Beat Expectations on Strong Aerospace, Defense Demand, RBC Says
• Neutral Sentiment: Wells Fargo raised its price target on RTX, but kept an “equal weight” rating, suggesting a more balanced view despite the improved outlook.
• Negative Sentiment: Some commentary noted potential headwinds tied to geopolitical risks and execution challenges, which could limit upside if defense demand or operations soften. RTX Stock Rises After Strong Earnings but Faces Two Iran War Headwinds

RTX Company 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.