Harel Insurance Raises RTX Corporation Stake 4.2% to $60M; Fiduciary Cuts 30.8%
Harel Insurance Investments & Financial Services Ltd increased its RTX stake by 4.2% in Q3, adding 14,567 shares to hold 358,872 shares valued at $60.05 million. In the same period, Fiduciary Family Office LLC sold 2,862 RTX shares, cutting its position by 30.8% to 6,418 shares worth $1.07 million.
1. Institutional Stake Changes
In the third quarter, Harel Insurance Investments & Financial Services Ltd. increased its holdings in RTX Corporation by 4.2%, acquiring an additional 14,567 shares to reach a total of 358,872 shares valued at approximately $60.0 million. Smaller investors also adjusted their positions: PFS Partners LLC more than doubled its stake to 177 shares after purchasing 89 shares in Q2, while LFA Lugano Financial Advisors SA and Access Investment Management LLC initiated new positions of roughly $29,000 and $31,000 respectively. SOA Wealth Advisors LLC expanded its holdings by 57.4% to 192 shares, and Clayton Financial Group LLC launched a $36,000 position. Institutional ownership of RTX stands at 86.5%.
2. Insider Transactions
Executive Vice President Neil G. Mitchill Jr. sold 4,849 shares on October 24, representing a 7.53% reduction in his personal position. The transaction generated proceeds of $873,547.35 and left him with 59,556 shares, valued at approximately $10.7 million based on the average sale price. Corporate insiders collectively hold 0.15% of RTX shares, underscoring that senior management has been modestly trimming exposure following the company’s solid quarterly performance.
3. Third-Quarter Results and FY-2025 Guidance
RTX reported Q3 revenue of $22.48 billion, up 11.9% year-over-year, and delivered EPS of $1.70, beating consensus by $0.29. The company’s net margin reached 7.67%, while return on equity stood at 13.28%. Cash flow generation remained strong, supporting a quarterly dividend of $0.68 per share (annualized at $2.72) and a payout ratio of 55.85%. Management reiterated FY-2025 EPS guidance in the range of 6.10–6.20, reflecting confidence in sustained aerospace and defense demand across Pratt & Whitney engines, Collins Aerospace systems and defense electronics platforms.
4. Analyst Sentiment and Ratings
Wall Street consensus on RTX is a Moderate Buy, with three Strong Buy, fourteen Buy and six Hold ratings from major brokerages. Recent upgrades include Bank of America’s raise of its price objective and reiterated Buy stance, while Citigroup, UBS and JPMorgan Chase have maintained Overweight assessments. The median analyst target remains comfortably above current valuation levels. Quant and style-driven funds, including those following Zacks’ quality metrics, have flagged RTX as a top growth candidate, suggesting continued capital inflows from momentum-focused strategies.