Sequoia Financial Advisors LLC cut its position in shares of RTX Corporation (NYSE:RTX – Free Report) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 601,888 shares of the company’s stock after selling 22,453 shares during the period. Sequoia Financial Advisors LLC’s holdings in RTX were worth $114,196,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Montz Harcus Wealth Management LLC grew its stake in RTX by 3.2% in the 2nd quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $311,000 after buying an additional 51 shares during the last quarter. Schulhoff & Co. Inc. increased its position in RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after buying an additional 52 shares during the period. Sunbeam Capital Management LLC lifted its holdings in shares of RTX by 1.6% during the fourth quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company’s stock worth $620,000 after buying an additional 53 shares in the last quarter. Safeguard Investment Advisory Group LLC boosted its position in shares of RTX by 2.4% in the second quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock valued at $430,000 after acquiring an additional 53 shares during the period. Finally, Sequent Planning LLC boosted its position in shares of RTX by 1.6% in the fourth quarter. Sequent Planning LLC now owns 3,364 shares of the company’s stock valued at $617,000 after acquiring an additional 54 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: RTX secured a $472 million contract to modernize the U.S. Army’s CH-47 Chinook helicopter fleet. The work includes avionics upgrades and supports fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace business. Can Chinook Modernization Strengthen RTX’s Defense Growth?
- Neutral Sentiment: Several reports discuss NVIDIA’s potential new GeForce RTX 5070 variant, RTX 50-series pricing, DLSS frame-generation technology being enabled on older RTX 30-series cards, and RTX-powered laptops. These developments may affect NVIDIA’s graphics business and broader gaming-hardware demand, but they are not direct catalysts for RTX Corporation. Modders Unlock DLSS Multi Frame Generation For RTX 30-Series GPUs
- Neutral Sentiment: Reports on RTX-branded gaming laptops, HP systems using NVIDIA RTX technology, and a Chinese mini-PC featuring a mobile RTX 5090 indicate continued consumer interest in AI and gaming hardware. However, the products belong to NVIDIA and its hardware partners rather than RTX Corporation’s aerospace and defense operations. HP Launches OmniBook Products With NVIDIA RTX Spark
- Negative Sentiment: A report about a service center disposing of an RTX 4090 after a repair dispute could raise concerns about customer service for a particular NVIDIA graphics-card seller, but it does not appear financially material to RTX Corporation. Service Center Disposes of RTX 4090 After Repair Dispute
RTX Stock Down 0.6%
RTX (NYSE:RTX – Get Free Report) 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. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the firm posted $1.56 EPS. The business’s revenue 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, research analysts forecast that RTX Corporation will post 7.22 EPS for the current fiscal year.
RTX Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th were given a $0.73 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s payout ratio is 51.41%.
Insiders Place Their Bets
In other news, insider Troy Brunk sold 8,557 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the transaction, the insider directly owned 8,809 shares of the company’s stock, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business’s 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 sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.
Analyst Ratings Changes
RTX has been the topic of several recent analyst reports. Jefferies Financial Group set a $250.00 target price on shares of RTX in a report on Sunday, July 26th. Argus set a $245.00 price target on shares of RTX in a research report on Thursday, July 30th. Sanford C. Bernstein boosted their price objective on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. UBS Group lifted their price target on RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Robert W. Baird set a $240.00 price target on shares of RTX in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.
About RTX
RTX Corporation (NYSE:RTX) is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.
The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.
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