JNBA Financial Advisors Acquires 116 Shares of RTX Co. (NYSE:RTX)

JNBA Financial Advisors raised its position in RTX Co. (NYSE:RTXFree Report) by 7.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,685 shares of the company’s stock after buying an additional 116 shares during the quarter. JNBA Financial Advisors’ holdings in RTX were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Briaud Financial Planning Inc increased its holdings in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory bought a new position in RTX in the 2nd quarter valued at about $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD bought a new position in RTX in the 2nd quarter valued at about $41,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of RTX during the 3rd quarter valued at approximately $50,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 2.2 %

Shares of NYSE RTX opened at $121.59 on Thursday. The company has a market capitalization of $161.83 billion, a P/E ratio of 34.57, a price-to-earnings-growth 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. 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 company’s 50 day moving average price is $122.11 and its 200-day moving average price is $112.42.

RTX (NYSE:RTXGet Free Report) last issued its quarterly 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.07%. RTX’s payout ratio is presently 72.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. The Goldman Sachs Group lifted their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Ten analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $177.27.

Get Our Latest Research Report on RTX

About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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