Arcus Capital Partners LLC Reduces Holdings in RTX Corporation $RTX

Arcus Capital Partners LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,564 shares of the company’s stock after selling 319 shares during the quarter. Arcus Capital Partners LLC’s holdings in RTX were worth $1,250,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. MorganRosel Wealth Management LLC purchased a new position in RTX during the first quarter worth $26,000. PFS Partners LLC grew its position 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 buying an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX during the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of RTX in the first quarter worth about $50,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’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 owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RTX. Bank of America boosted their price target on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein increased their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group boosted their target price on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna increased their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

RTX Trading Up 0.6%

NYSE:RTX opened at $158.04 on Friday. The business has a 50 day simple moving average of $159.20 and a 200 day simple moving average of $145.90. The firm has a market capitalization of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85.

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