Penobscot Investment Management Company Inc. Acquires 580 Shares of RTX Corporation $RTX

Penobscot Investment Management Company Inc. lifted its holdings in RTX Corporation (NYSE:RTX) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,727 shares of the company’s stock after purchasing an additional 580 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in RTX were worth $6,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RTX. Vanguard Group Inc. raised its stake in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after buying an additional 104,139 shares during the last quarter. Invesco Ltd. boosted its position in shares of RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock valued at $1,021,623,000 after acquiring an additional 65,493 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in RTX in the 1st quarter worth $916,739,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Up 0.1%

RTX stock opened at $166.73 on Friday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The stock has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. 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 firm’s fifty day simple moving average is $158.18 and its two-hundred day simple moving average is $143.89.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on RTX shares. Barclays raised their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Citigroup raised their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Morgan Stanley increased their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

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.