Jaffetilchin Investment Partners LLC Acquires 3,236 Shares of RTX Corporation $RTX

Jaffetilchin Investment Partners LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,901 shares of the company’s stock after purchasing an additional 3,236 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in RTX were worth $3,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Insigneo Advisory Services LLC boosted its holdings in RTX by 8.0% during the second quarter. Insigneo Advisory Services LLC now owns 14,912 shares of the company’s stock worth $2,177,000 after purchasing an additional 1,105 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in RTX by 7.0% during the second quarter. CreativeOne Wealth LLC now owns 25,139 shares of the company’s stock valued at $3,671,000 after purchasing an additional 1,647 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in RTX by 15.5% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 4,235 shares of the company’s stock worth $618,000 after buying an additional 569 shares during the period. Maripau Wealth Management LLC bought a new stake in shares of RTX during the 2nd quarter valued at $514,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of RTX in the second quarter valued at approximately $2,849,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Susquehanna boosted their target price on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein increased their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $180.44.

RTX Stock Down 1.8%

RTX opened at $169.62 on Monday. The firm’s 50 day simple moving average is $168.73 and its two-hundred day simple moving average is $155.01. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $227.42 billion, a PE ratio of 34.83, a PEG ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the company earned $1.45 EPS. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. RTX’s payout ratio is currently 55.85%.

Insider Activity

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company’s stock.

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.