Aull & Monroe Investment Management Corp Has $2.13 Million Stake in RTX Corporation $RTX

Key Points

• Aull & Monroe Investment Management Corp reduced its stake in RTX Corporation by 16.7% during Q2, now holding 14,584 shares worth approximately $2.13 million.
• RTX reported better-than-expected quarterly earnings with $1.56 EPS, surpassing analysts' estimates of $1.45, alongside a revenue of $21.58 billion.
• The stock holds a market capitalization of $211.55 billion and has an average rating of "Moderate Buy" with a consensus target price of $164.13 from analysts.

Aull & Monroe Investment Management Corp trimmed its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 16.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,584 shares of the company's stock after selling 2,925 shares during the period. RTX accounts for approximately 1.1% of Aull & Monroe Investment Management Corp's holdings, making the stock its 29th largest holding. Aull & Monroe Investment Management Corp's holdings in RTX were worth $2,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFS Partners LLC increased its holdings in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the 1st quarter valued at $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX in the 1st quarter valued at $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX in the 1st quarter valued at $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of RTX in the 1st quarter valued at $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 0.6%

Shares of RTX stock opened at $158.04 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The business has a fifty day simple moving average of $159.20 and a 200 day simple moving average of $145.90. The stock has a market cap of $211.55 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping 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 business had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The firm'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. Research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on RTX. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. UBS Group lifted their target price on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein lifted their target price on RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $164.13.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company's stock.

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.

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