Advisory Alpha LLC Grows Stake in RTX Corporation $RTX

Advisory Alpha LLC grew its holdings in RTX Corporation (NYSE:RTX) by 7.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,909 shares of the company’s stock after acquiring an additional 353 shares during the period. Advisory Alpha LLC’s holdings in RTX were worth $717,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of RTX by 1.1% in 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after acquiring an additional 104,139 shares in the last quarter. Invesco Ltd. raised its position in shares of RTX by 1.5% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of RTX in the 1st quarter worth approximately $916,739,000. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RTX. Susquehanna raised their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research report on Saturday. Sanford C. Bernstein raised their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Finally, Barclays raised their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. 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. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average price target of $178.47.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on 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 completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,318 shares of company stock worth $8,238,388 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

RTX Stock Down 0.3%

RTX stock opened at $178.76 on Wednesday. The firm has a market cap of $239.67 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.11 and a beta of 0.66. The stock has a fifty day simple moving average of $162.06 and a two-hundred day simple moving average of $148.59. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

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.