Almanack Investment Partners LLC. Grows Stock Position in RTX Corporation $RTX

Almanack Investment Partners LLC. lifted its stake in RTX Corporation (NYSE:RTX) by 24.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,451 shares of the company’s stock after purchasing an additional 488 shares during the period. Almanack Investment Partners LLC.’s holdings in RTX were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ellis Investment Partners LLC boosted its holdings in RTX by 1.1% in the second quarter. Ellis Investment Partners LLC now owns 13,182 shares of the company’s stock valued at $1,925,000 after purchasing an additional 147 shares during the period. M3 Advisory Group LLC lifted its holdings in RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after buying an additional 69 shares during the last quarter. Mitchell Sinkler & Starr PA lifted its holdings in RTX by 0.7% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 18,179 shares of the company’s stock worth $2,654,000 after buying an additional 135 shares during the last quarter. LRI Investments LLC lifted its holdings in RTX by 1.0% during the 2nd quarter. LRI Investments LLC now owns 78,064 shares of the company’s stock worth $11,399,000 after buying an additional 753 shares during the last quarter. Finally, Legal Advantage Investments Inc. lifted its holdings in RTX by 25.4% during the 2nd quarter. Legal Advantage Investments Inc. now owns 26,493 shares of the company’s stock worth $3,868,000 after buying an additional 5,366 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In related 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 value of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 over the last three months. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. UBS Group lifted their price target on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Bank of America lifted their price target on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Stock Down 2.8%

RTX opened at $157.64 on Monday. The business’s 50-day simple moving average is $159.00 and its 200-day simple moving average is $145.11. 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 Corporation has a one year low of $112.27 and a one year high of $170.85. The stock has a market capitalization of $211.01 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s revenue 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. Analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

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.