Bank of America Corp DE Lowers Stock Position in RTX Corporation $RTX

Bank of America Corp DE lessened its stake in RTX Corporation (NYSE:RTX - Free Report) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,345,900 shares of the company's stock after selling 1,047,785 shares during the period. Bank of America Corp DE owned approximately 1.81% of RTX worth $4,619,148,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of RTX during the second quarter valued at about $20,970,571,000. Norges Bank purchased a new stake in shares of RTX in the fourth quarter worth about $3,167,626,000. Auto Owners Insurance Co lifted its position in shares of RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock worth $1,852,882,000 after buying an additional 10,062,269 shares in the last quarter. Bank of New York Mellon Corp bought a new position in RTX during the second quarter valued at approximately $1,456,256,000. Finally, Legal & General Group Plc purchased a new position in RTX during the 2nd quarter valued at approximately $1,267,256,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Down 1.2%

Shares of NYSE RTX opened at $195.32 on Tuesday. 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 fifty day simple moving average of $208.31 and a two-hundred day simple moving average of $195.89. The firm has a market cap of $263.25 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.29. RTX Corporation has a twelve month low of $155.64 and a twelve month high of $226.88.

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 company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period in the prior year, the company posted $1.56 EPS. The firm's quarterly 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. Analysts expect that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was 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 $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Troy D. 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 transaction of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by company insiders.

More RTX News

Here are the key news stories impacting RTX this week:

• Neutral Sentiment: RTX’s recent fundamentals remain supportive: the company’s latest reported quarter exceeded analyst expectations for both earnings and revenue, while full-year 2026 EPS guidance stands at $7.10–$7.25. However, the stock’s valuation—about 34 times earnings—may leave it sensitive to market-wide risk reduction. RTX Dips More Than Broader Market: What You Should Know
• Neutral Sentiment: Most of the other articles concern NVIDIA’s GeForce and RTX-branded graphics processors, including new workstation products, elevated RTX 5090 prices, AI-server demand, and reports of overheating power connectors. These stories relate to NVIDIA, not RTX Corporation, and therefore should not be treated as direct drivers of RTX stock. RTX Dips More Than Broader Market: What You Should Know
• Negative Sentiment: The session’s underperformance suggests investors were selling RTX despite its recent earnings momentum. With the shares below their 50-day moving average and near the 200-day moving average, technical weakness and valuation concerns could continue to weigh on the stock absent a fresh positive catalyst.

Analyst Ratings Changes

Several equities analysts have commented on RTX shares. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research report on Sunday, July 26th. UBS Group upped their target price on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Susquehanna boosted their target price on RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research report on Friday, July 24th. Dbs Bank upgraded RTX from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company increased their target price on shares of RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

RTX Profile

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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