Sumitomo Mitsui Trust Group Inc. Sells 83,739 Shares of RTX Corporation $RTX

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of RTX Corporation (NYSE:RTX) by 2.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,773,210 shares of the company’s stock after selling 83,739 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in RTX were worth $514,846,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in RTX in the second quarter worth approximately $20,970,571,000. Bank of New York Mellon Corp bought a new position in RTX during the second quarter valued at approximately $1,456,256,000. Legal & General Group Plc purchased a new position in shares of RTX during the second quarter worth approximately $1,267,256,000. Deutsche Bank AG purchased a new position in shares of RTX during the second quarter worth approximately $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of RTX during the second quarter worth approximately $636,932,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. TD Cowen reduced their target price on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Robert W. Baird set a $240.00 target price on shares of RTX in a research report on Friday, July 24th. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada cut their price target on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.86.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Quarterly dividend maintained: RTX’s board declared a cash dividend of $0.73 per share, payable December 10, 2026, to shareholders of record on November 20. The payment equates to $2.92 annually and a yield of approximately 1.4%, reinforcing the company’s shareholder-return profile. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Improving fundamental outlook: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, raised guidance, record backlog, and signs of recovering commercial aerospace demand. The stronger outlook has helped shares recover recently, although the stock remains below its 52-week high. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
• Positive Sentiment: Analyst sentiment remains favorable: The average brokerage recommendation for RTX is equivalent to a Buy. While analyst ratings should be interpreted cautiously, the consensus can provide near-term support for the stock. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Valuation remains a consideration: RTX trades at a relatively elevated earnings multiple following its recovery, so further gains may depend on continued execution, aerospace-market improvement, and delivery against raised guidance. The dividend is supportive but modest at roughly 1.4%.

RTX Price Performance

RTX opened at $200.09 on Friday. The stock’s 50 day simple moving average is $194.81 and its 200 day simple moving average is $195.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a 1 year low of $166.74 and a 1 year high of $226.88. The firm has a market cap of $270.01 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.23 and a beta of 0.31.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.70 earnings per share. As a group, analysts predict that RTX Corporation will post 7.67 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio is currently 47.40%.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’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 of the company’s stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

About RTX

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.