JNBA Financial Advisors Has $204,000 Stake in RTX Co. (NYSE:RTX)

JNBA Financial Advisors lifted its stake in shares of RTX Co. (NYSE:RTX) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,685 shares of the company’s stock after purchasing an additional 116 shares during the period. JNBA Financial Advisors’ holdings in RTX were worth $204,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Briaud Financial Planning Inc lifted its position in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new stake in RTX in the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX in the second quarter valued at approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter valued at approximately $41,000. Finally, ORG Wealth Partners LLC bought a new stake in RTX in the third quarter valued at approximately $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on RTX shares. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped their target price on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, RTX presently has an average rating of “Hold” and a consensus price target of $177.27.

RTX Stock Performance

NYSE RTX opened at $121.59 on Thursday. The firm has a 50-day moving average of $122.11 and a 200-day moving average of $112.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market cap of $161.83 billion, a PE ratio of 34.57, a P/E/G ratio of 2.09 and a beta of 0.82. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 EPS. On average, sell-side analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is 72.00%.

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.