Eclectic Associates Inc. ADV Acquires 171 Shares of RTX Co. (NYSE:RTX)

Eclectic Associates Inc. ADV lifted its holdings in RTX Co. (NYSE:RTX) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,866 shares of the company’s stock after buying an additional 171 shares during the period. Eclectic Associates Inc. ADV’s holdings in RTX were worth $711,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fluent Financial LLC grew its stake in shares of RTX by 370.8% in the 3rd quarter. Fluent Financial LLC now owns 9,467 shares of the company’s stock valued at $1,147,000 after buying an additional 7,456 shares during the period. Peoples Bank KS acquired a new stake in shares of RTX in the 3rd quarter valued at about $666,000. HBW Advisory Services LLC acquired a new stake in shares of RTX in the 3rd quarter valued at about $263,000. MRA Advisory Group acquired a new stake in shares of RTX in the 3rd quarter valued at about $210,000. Finally, Abacus Wealth Partners LLC acquired a new stake in shares of RTX in the 3rd quarter valued at about $242,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of NYSE RTX traded up $1.24 during midday trading on Friday, reaching $124.91. The company’s stock had a trading volume of 3,056,543 shares, compared to its average volume of 6,964,188. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market capitalization of $166.16 billion, a P/E ratio of 48.98, a PEG ratio of 2.18 and a beta of 0.82. The firm has a 50 day moving average price of $119.11 and a 200-day moving average price of $108.40. RTX Co. has a 12-month low of $68.56 and a 12-month high of $125.53.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. RTX’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS. As a group, equities analysts predict that RTX Co. will post 5.45 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Susquehanna raised their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their target price on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Robert W. Baird lifted their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada lifted their price target on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $161.13.

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.