Sequoia Financial Advisors LLC Cuts Stock Holdings in RTX Corporation $RTX

Sequoia Financial Advisors LLC reduced its stake in RTX Corporation (NYSE:RTX) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 601,888 shares of the company’s stock after selling 22,453 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in RTX were worth $114,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in RTX by 18,899.0% in the second quarter. California State Teachers Retirement System now owns 389,832,160 shares of the company’s stock valued at $73,962,856,000 after acquiring an additional 387,780,302 shares during the last quarter. BlackRock Inc. bought a new stake in RTX in the 2nd quarter worth approximately $20,970,571,000. Norges Bank purchased a new stake in RTX in the fourth quarter worth approximately $3,167,626,000. Auto Owners Insurance Co raised its stake in shares of RTX by 24,730.9% during the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after acquiring an additional 10,062,269 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of RTX in the 2nd quarter valued at $1,456,256,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, insider Troy Brunk sold 8,557 shares of the stock in a transaction that occurred 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 owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the transaction, the vice president owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent research reports. UBS Group boosted their price target on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings raised RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada lifted their price objective on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Morgan Stanley restated an “overweight” rating and set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $228.59.

RTX News Summary

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 Trading Down 0.6%

RTX opened at $197.66 on Thursday. RTX Corporation has a one year low of $151.65 and a one year high of $226.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The business has a 50 day simple moving average of $208.49 and a two-hundred day simple moving average of $195.99. The firm has a market capitalization of $266.39 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.56 and a beta of 0.29.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion during 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%.The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th were issued a $0.73 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 51.41%.

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.