Ullmann Wealth Partners Group LLC Invests $243,000 in RTX Corporation $RTX

Key Points

• Ullmann Wealth Partners Group LLC has invested $243,000 in RTX Corporation by acquiring 1,662 shares during the second quarter.
• Analysts are optimistic about RTX, with price targets adjusted upwards; Bank of America, JPMorgan, and UBS now set targets between $175.00 and $177.00.
• RTX reported a 9.4% year-over-year revenue increase in its last earnings release, with a net margin of 7.35% and a quarterly EPS of $1.56, surpassing estimates.

Ullmann Wealth Partners Group LLC bought a new position in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,662 shares of the company's stock, valued at approximately $243,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new position in RTX during the first quarter valued at approximately $26,000. Summit Securities Group LLC bought a new position in RTX during the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new position in RTX during the first quarter valued at approximately $44,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in RTX during the first quarter valued at approximately $50,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX during the first quarter valued at approximately $50,000. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RTX shares. Bank of America increased their price objective 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. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein upped their target price on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. upped their target price on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, UBS Group upped their target price on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $158.87.

RTX Price Performance

RTX stock opened at $158.22 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $155.86 and a two-hundred day simple moving average of $141.61. The firm has a market capitalization of $211.78 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating 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 analyst estimates of $20.68 billion. During the same quarter last year, the business earned $1.41 earnings per share. RTX'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. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 annualized dividend and a yield of 1.7%. RTX's dividend payout ratio (DPR) is 59.78%.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on Monday, August 4th. The shares were 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 trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Corporate insiders own 0.15% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.