Harel Insurance ups RTX Corporation stake 4.2% to $60M; EVP sells 4,849 shares

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Harel Insurance Investments grew its RTX Corporation stake by 4.2% to 358,872 shares worth $60.05 million after buying 14,567 shares in Q3. EVP Neil G. Mitchill Jr. sold 4,849 shares at an average $180.15, while Fiduciary Family Office cut its holdings 30.8% to 6,418 shares valued at $1.07 million.

1. Harel Insurance Boosts Stake in RTX

In the third quarter, Harel Insurance Investments & Financial Services Ltd. increased its position in RTX Corporation by 4.2%, acquiring an additional 14,567 shares to bring its total holdings to 358,872 shares. At the end of the reporting period, Harel’s stake was valued at approximately 60.0 million dollars, reflecting continued confidence in RTX’s defense and aerospace businesses. This move follows similar activity from smaller advisors such as SOA Wealth Advisors and Clayton Financial Group, while large institutions maintain roughly 86.5% ownership overall.

2. Solid Q3 Performance and FY2025 Guidance

RTX reported Q3 revenue of 22.48 billion dollars, up 11.9% year-over-year, and delivered earnings per share of 1.70, surpassing consensus by 0.29. The company achieved a return on equity of 13.28% and a net margin of 7.67%. Management set full-year 2025 EPS guidance in a range equivalent to 6.10–6.20, underpinned by strength across commercial aerospace and defense segments, including robust demand for Pratt & Whitney engines and Collins Aerospace systems.

3. Mixed Analyst Ratings and Insider Selling

Wall Street sentiment remains constructive but varied: Bank of America raised its target to 215, Morgan Stanley and Citigroup maintain overweight and buy recommendations, while UBS and Jefferies offer neutral or hold ratings. Analysts’ median target exceeds current levels, supporting potential upside. On the insider front, EVP Neil G. Mitchill Jr. sold 4,849 shares in October for proceeds of 873,547 dollars, trimming his holdings by 7.5% and highlighting cautious senior management positioning.

Sources

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