Kelleher Financial Advisors Purchases 750 Shares of RTX Corporation $RTX

Kelleher Financial Advisors grew its stake in RTX Corporation (NYSE:RTX) by 35.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,870 shares of the company’s stock after acquiring an additional 750 shares during the quarter. Kelleher Financial Advisors’ holdings in RTX were worth $419,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brookwood Investment Group LLC acquired a new stake in RTX in the first quarter valued at approximately $1,288,000. Redwood Financial Network Corp acquired a new stake in RTX in the first quarter valued at approximately $243,000. Zuckerman Investment Group LLC grew its stake in shares of RTX by 54.1% in the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after acquiring an additional 2,033 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of RTX during the 1st quarter valued at $581,000. Finally, EWA LLC purchased a new stake in shares of RTX during the 2nd quarter worth approximately $291,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $873,547.35. Following the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

RTX stock opened at $179.15 on Wednesday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $165.82 and its 200 day moving average is $152.37. The company has a market capitalization of $240.20 billion, a P/E ratio of 36.79, a PEG ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. During the same period in the prior year, the firm posted $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. On average, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is currently 55.85%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Bank of America increased their price target on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Robert W. Baird set a $203.00 target price on RTX in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

RTX Company 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.