RTX (NYSE:RTX) Trading Down 1.2% – Time to Sell?

RTX Corporation (NYSE:RTX)’s stock price traded down 1.2% on Monday . The stock traded as low as $194.01 and last traded at $195.3230. Approximately 3,568,424 shares were traded during trading, a decline of 35% from the average session volume of 5,463,796 shares. The stock had previously closed at $197.68.

Key RTX News

Here are the key news stories impacting RTX this week:

• Neutral Sentiment: NVIDIA introduced the RTX PRO 5500 Blackwell workstation GPU, featuring 84GB of GDDR7 memory, 21,760 CUDA cores and a 600-watt power limit. The product could support NVIDIA’s workstation and professional-visualization business, but it has no direct earnings impact on RTX Corporation. NVIDIA Unveils RTX PRO 5500 Blackwell Workstation GPU
• Neutral Sentiment: ASUS announced ProArt laptops and a mini PC using NVIDIA RTX products, indicating continued adoption of NVIDIA’s graphics platform. This is not a development involving RTX Corporation. ASUS Brings ProArt Products With NVIDIA RTX
• Neutral Sentiment: Reports highlighted exceptionally high European street prices for NVIDIA’s GeForce RTX 5090, potentially reflecting constrained supply or strong demand, but offering no read-through to RTX Corporation’s aerospace, defense or commercial-engine businesses. GeForce RTX 5090 Street Prices
• Negative Sentiment: Several reports described melted 12VHPWR or 16-pin power connectors on expensive NVIDIA RTX 5090 and RTX PRO 6000 graphics cards, including an incident involving an ASRock power supply marketed with thermal protection. These stories may raise reliability concerns for NVIDIA, but they do not directly affect RTX Corporation. ASRock PSU and Melted NVIDIA RTX Connector

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group upped their target price 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. Sanford C. Bernstein boosted their price target on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Wells Fargo & Company increased their price objective 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. Finally, Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.59.

RTX Trading Down 1.2%

The stock has a market capitalization 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. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $208.44 and a 200-day moving average price of $195.91.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same period in the previous year, the firm earned $1.56 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts forecast that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 14th. RTX’s dividend payout ratio is currently 51.41%.

Insider Transactions at RTX

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the transaction, the vice president directly owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares of the company’s stock, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 in the last quarter. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On RTX

Several large investors have recently added to or reduced their stakes in RTX. California State Teachers Retirement System grew its position in shares of 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 purchasing an additional 387,780,302 shares in the last quarter. BlackRock Inc. purchased a new stake in RTX during the 2nd quarter worth about $20,970,571,000. State Street Corp boosted its stake in RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company’s stock worth $16,851,633,000 after purchasing an additional 630,558 shares during the period. Fisher Asset Management LLC boosted its stake in RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock worth $3,998,155,000 after purchasing an additional 625,994 shares during the period. Finally, Norges Bank purchased a new position in RTX during the 4th quarter valued at about $3,167,626,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

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.