Ellis Investment Partners LLC Acquires 147 Shares of RTX Corporation $RTX

Ellis Investment Partners LLC grew its holdings in RTX Corporation (NYSE:RTX) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,182 shares of the company’s stock after purchasing an additional 147 shares during the period. Ellis Investment Partners LLC’s holdings in RTX were worth $1,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. MorganRosel Wealth Management LLC bought a new stake in shares of RTX in the 1st quarter worth $26,000. PFS Partners LLC increased its holdings in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter worth $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of RTX in the 1st quarter worth $50,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Bank of America lifted their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.13.

RTX Price Performance

NYSE RTX opened at $157.64 on Monday. The company has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The business’s fifty day moving average is $159.00 and its 200 day moving average is $145.11. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.