Harel Insurance Raises RTX Corporation Stake 4.2%; Fiduciary Sells 30.8%
Harel Insurance Investments & Financial Services Ltd. increased its RTX Corporation position by 4.2% in Q3, acquiring 14,567 shares to hold 358,872 shares valued at $60.05 million. Fiduciary Family Office LLC trimmed its RTX Corporation holding by 30.8%, selling 2,862 shares to finish with 6,418 shares worth $1.07 million.
1. Harel Insurance Boosts Stake
In the third quarter, Harel Insurance Investments & Financial Services Ltd. increased its holdings in RTX by 4.2%, acquiring an additional 14,567 shares to bring its total position to 358,872 shares. At the end of the period, Harel’s stake was valued at approximately $60.0 million, reflecting the firm’s confidence in RTX’s aerospace and defense outlook and marking one of the larger single‐investor adjustments during the quarter.
2. Other Institutional Moves Continue
Several smaller institutional and advisory firms also shifted their positions. PFS Partners LLC more than doubled its position with a 101.1% increase to 177 shares, while LFA Lugano Financial Advisors SA and Access Investment Management LLC initiated new stakes worth roughly $29,000 and $31,000 respectively. SOA Wealth Advisors LLC expanded its stake by 57.4% to 192 shares, and Clayton Financial Group LLC opened a position valued at about $36,000. Overall, institutional investors and hedge funds now control 86.50% of RTX’s outstanding equity.
3. Insider Selling Reduces Executive Position
Executive Vice President Neil G. Mitchill, Jr. sold 4,849 shares in late October, generating proceeds of $873,547. Following the transaction, his personal holding fell by 7.53% to 59,556 shares, with an estimated value of $10.7 million. Insiders collectively account for just 0.15% of the company’s shares, underscoring the limited impact of executive trading on overall ownership.
4. Underlying Fundamentals and Analyst Support
RTX reported third‐quarter revenue growth of approximately 12% year-over-year and delivered an earnings‐per‐share beat, leading management to raise full-year EPS guidance to a range of 6.10–6.20. Dividend distributions remain consistent, with a quarterly payout of $0.68 translating to a 1.3% yield and a payout ratio near 56%. Multiple major research houses have reaffirmed or increased their ratings, citing resilient aerospace orders, strong defense backlog and attractive quant-driven style scores as catalysts for further upside.