Brown Lisle Cummings Inc. Has $2.29 Million Holdings in RTX Corporation $RTX

Brown Lisle Cummings Inc. raised its position in RTX Corporation (NYSE:RTX) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,648 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in RTX were worth $2,285,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Gries Financial LLC lifted its stake in RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after purchasing an additional 69 shares during the last quarter. TrueWealth Advisors LLC lifted its position in shares of RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after buying an additional 70 shares during the last quarter. RMR Wealth Builders lifted its position in shares of RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock valued at $297,000 after buying an additional 70 shares during the last quarter. Verum Partners LLC lifted its holdings in RTX by 1.8% during the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after purchasing an additional 73 shares during the last quarter. Finally, Hamilton Capital LLC lifted its holdings in RTX by 3.6% during the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock valued at $281,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $163.50 on Friday. The stock has a market capitalization of $218.85 billion, a PE ratio of 35.93, a P/E/G ratio of 2.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business has a fifty day moving average price of $156.93 and a two-hundred day moving average price of $142.65. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $165.35.

RTX (NYSE:RTX) last posted its quarterly 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. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RTX has been the subject of several research reports. Citigroup raised their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. UBS Group raised their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Finally, Morgan Stanley lifted their price target on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

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.