Kennebec Savings Bank Acquires 172 Shares of RTX Corporation $RTX

Kennebec Savings Bank increased its holdings in RTX Corporation (NYSE:RTX) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,607 shares of the company’s stock after buying an additional 172 shares during the period. RTX accounts for 1.1% of Kennebec Savings Bank’s investment portfolio, making the stock its 27th biggest position. Kennebec Savings Bank’s holdings in RTX were worth $1,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter valued at $26,000. PFS Partners LLC boosted its holdings in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new position in RTX in the 1st quarter valued at $40,000. McClarren Financial Advisors Inc. bought a new position in RTX in the 1st quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX in the 1st quarter valued at $50,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

NYSE RTX opened at $167.37 on Thursday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $168.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market capitalization of $224.03 billion, a P/E ratio of 36.78, a P/E/G ratio of 3.08 and a beta of 0.66. The company has a fifty day moving average of $157.75 and a 200-day moving average of $143.42.

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

Analyst Ratings Changes

Several brokerages have commented on RTX. Morgan Stanley raised their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Sanford C. Bernstein raised their price target on shares of RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. UBS Group raised their price target on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.87.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the vice president directly owned 30,004 shares of the company’s stock, valued at $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. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. 0.15% of the stock is currently 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.