Bank of Nova Scotia Sells 129,851 Shares of RTX Corporation $RTX

Bank of Nova Scotia lowered its stake in shares of RTX Corporation (NYSE:RTX) by 29.9% in the first quarter, Holdings Channel reports. The firm owned 304,987 shares of the company’s stock after selling 129,851 shares during the period. Bank of Nova Scotia’s holdings in RTX were worth $58,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Navalign LLC acquired a new stake in shares of RTX in the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX in the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new position in RTX in the 4th quarter worth approximately $31,000. 1 North Wealth Services LLC lifted its holdings in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after buying an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC bought a new stake in shares of RTX in the first quarter valued at approximately $31,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Susquehanna lifted their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.62.

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 Price Performance

Shares of RTX opened at $213.09 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.01 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 $214.89. The stock has a market capitalization of $286.97 billion, a P/E ratio of 37.52, a P/E/G ratio of 2.76 and a beta of 0.30. The company has a 50 day moving average of $187.08 and a 200-day moving average of $192.19.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter last year, the firm earned $1.56 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities research analysts forecast that RTX Corporation will post 7.18 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given 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 dividend yield of 1.4%. RTX’s payout ratio is currently 51.41%.

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.