RTX Corporation $RTX Shares Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,839 shares of the company’s stock after purchasing an additional 275 shares during the quarter. Ellsworth Advisors LLC’s holdings in RTX were worth $2,363,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the 1st quarter worth $26,000. 10Elms LLP purchased a new position in RTX in the 4th quarter worth $29,000. Summit Securities Group LLC purchased a new position in RTX in the 1st quarter worth $40,000. Mpwm Advisory Solutions LLC purchased a new position in RTX in the 4th quarter worth $43,000. Finally, McClarren Financial Advisors Inc. purchased a new position in RTX in the 1st quarter worth $44,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

RTX Stock Performance

NYSE RTX opened at $154.88 on Thursday. The stock has a 50-day simple moving average of $154.20 and a two-hundred day simple moving average of $140.15. The firm has a market capitalization of $207.32 billion, a P/E ratio of 34.04, a PEG ratio of 2.80 and a beta of 0.67. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.8%. RTX’s dividend payout ratio (DPR) is 59.78%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RTX. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Susquehanna raised their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group raised their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Cowen restated a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $158.87.

About RTX

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.