Sequoia Financial Advisors LLC Acquires 9,227 Shares of RTX Corporation $RTX

Key Points

• Sequoia Financial Advisors LLC increased its RTX stake by 1.5% in the first quarter, buying 9,227 additional shares and bringing its total holding to 624,341 shares valued at about $120.4 million.
• RTX continues to draw support from the aerospace-defense backdrop, with news highlighting missile production expansion in Europe, a new Collins Aerospace engineering center in the UK, and expectations that the company could benefit from rising defense spending and aviation demand.
• The company recently beat quarterly earnings and revenue estimates, and it also declared a quarterly dividend of $0.73 per share payable on September 3, underscoring solid financial performance and shareholder returns.

Sequoia Financial Advisors LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 624,341 shares of the company's stock after buying an additional 9,227 shares during the quarter. Sequoia Financial Advisors LLC's holdings in RTX were worth $120,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Navalign LLC bought a new position in shares of RTX in the 4th quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX during the fourth quarter worth approximately $26,000. BNP Paribas acquired a new position in RTX during the third quarter valued at approximately $25,000. Core Wealth Advisors LLC acquired a new position in RTX during the fourth quarter valued at approximately $31,000. Finally, 1 North Wealth Services LLC raised its position in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock valued at $31,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX was highlighted in multiple industry outlook pieces as a beneficiary of strong aerospace-defense tailwinds, including rising defense spending, aviation demand, and ongoing strategic initiatives. Zacks Industry Outlook Highlights GE Aerospace, RTX and General Dynamics
• Positive Sentiment: The company’s Raytheon unit is expanding European missile production with NATO and Diehl Defence, including efforts to boost Stinger output and strengthen the supply chain, which could support future defense revenue. RTX (RTX) Expands European Missile Production With NATO And Diehl Defence
• Positive Sentiment: Collins Aerospace opened a UK Engineering Center of Excellence to advance next-generation aircraft systems, underscoring RTX’s investment in higher-margin aerospace technologies and innovation. RTX's Collins Aerospace opens UK Engineering Center of Excellence to advance next-generation aircraft systems
• Positive Sentiment: Zacks also said RTX has a strong earnings-surprise track record and the right setup to potentially beat consensus in its next quarterly report, which can boost investor sentiment ahead of results. Why RTX (RTX) Could Beat Earnings Estimates Again
• Neutral Sentiment: RTX was also mentioned in additional aerospace-defense stock roundup articles, reinforcing the view that the sector remains attractive, though these pieces did not provide company-specific new catalysts. 3 Aerospace-Defense Stocks to Buy Amid Strong Industry Tailwinds
• Negative Sentiment: RTX was reported to have fallen more than the broader market in the prior session, suggesting some near-term volatility or profit-taking after a strong run. RTX (RTX) Registers a Bigger Fall Than the Market: Important Facts to Note

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RTX shares. Weiss Ratings downgraded shares of RTX from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Citigroup reissued a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. Jefferies Financial Group restated a "buy" rating on shares of RTX in a report on Wednesday. Morgan Stanley dropped their price objective on RTX from $235.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 22nd. Finally, Melius Research raised RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 2nd. 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $211.38.

RTX Stock Performance

NYSE RTX traded up $0.61 during midday trading on Friday, hitting $195.81. The company had a trading volume of 2,821,542 shares, compared to its average volume of 4,648,892. The firm has a fifty day simple moving average of $182.73 and a two-hundred day simple moving average of $191.30. RTX Corporation has a fifty-two week low of $143.56 and a fifty-two week high of $214.50. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a market cap of $263.69 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 2.67 and a beta of 0.30.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same quarter last year, the company earned $1.47 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts forecast that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is presently 54.78%.

About RTX

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.

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