Harel Insurance boosts RTX Corporation stake by 4.2%, adds 14,567 shares

RTXRTX

Harel Insurance Investments & Financial Services Ltd increased its RTX Corporation stake by 4.2% in Q3, acquiring 14,567 additional shares to hold 358,872 shares valued at $60.049 million. This raises Harel’s total holdings in the defense giant to $60,049,000 at period end.

1. Institutional Stake Increase by Harel Insurance

In its most recent 13F filing for the third quarter, Harel Insurance Investments & Financial Services Ltd. boosted its position in RTX Corporation by 4.2%, adding 14,567 shares to reach a total holding of 358,872 shares. At the end of the period, the value of Harel’s stake stood at approximately $60.0 million. This incremental purchase underscores growing confidence among Middle Eastern institutional investors in RTX’s aerospace and defense portfolio, which continues to benefit from robust order backlogs and diversifying revenue streams across Pratt & Whitney engines and Collins Aerospace systems.

2. Insider Selling by EVP Neil G. Mitchill Jr.

Executive Vice President Neil G. Mitchill Jr. disposed of 4,849 shares of RTX common stock on October 24th, generating proceeds of $873,547.35 based on an average sale price of $180.15 per share. Following the transaction, Mitchill’s remaining position fell by 7.5% to 59,556 shares, valued at roughly $10.7 million. While insider sales can sometimes signal portfolio rebalancing, Mitchill’s residual holding still represents a significant personal investment in the company’s long-term strategy, particularly around its FY 2025 guidance and margin expansion initiatives.

3. Q3 Earnings Beat and FY 2025 Guidance

On October 21st, RTX reported third-quarter revenue of $22.48 billion, a year-over-year increase of 11.9%, driven by higher commercial aerospace deliveries and sustained defense contract awards. Adjusted EPS of $1.70 topped consensus by $0.29, reflecting margin improvements in turbine aftermarket services and aerospace systems integration. Management reaffirmed full-year 2025 EPS guidance in a range of $6.10 to $6.20, citing continued cash flow generation and disciplined cost management. The solid top-line growth and upwardly revised profit outlook have been met with multiple Buy and Overweight ratings from major brokerages, reinforcing positive momentum among institutional analysts.

Sources

DD