Harel Insurance Raises RTX Corporation Stake 4.2% to 358,872 Shares Worth $60M

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Harel Insurance Investments & Financial Services increased its RTX stake by 4.2% to 358,872 shares valued at $60.05 million in Q3, per its 13F filing. EVP Neil G. Mitchill Jr. sold 4,849 shares at $180.15 on October 24, trimming his position to 59,556 shares.

1. Institutional Investor Boosts Stake

Harel Insurance Investments & Financial Services Ltd. increased its holding in RTX Corporation by 4.2% during Q3, acquiring an additional 14,567 shares to reach 358,872 shares in total. At the end of the quarter, Harel’s position in RTX was valued at $60.0 million, reflecting the insurer’s confidence in the company’s defense and aerospace growth trajectory. This move contrasts with other mid‐sized funds: PFS Partners LLC more than doubled its minimal position to 177 shares, while SOA Wealth Advisors LLC lifted its holding by 57.4% to 192 shares. Notably, institutional ownership of RTX remains high at 86.5%, underscoring heavy participation by large asset managers and hedge funds in the stock’s performance.

2. Insider Selling by Executive Vice President

On October 24, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX in a single transaction disclosed via SEC filing. The sale represented a 7.53% reduction of his personal stake, leaving him with 59,556 shares. Although corporate insiders collectively hold only 0.15% of outstanding shares, this sale marks the largest single insider disposition in the last quarter and may temper investor sentiment even as the company reported strong operational results earlier in the period.

3. Strong Q3 Results and FY-2025 Guidance

RTX delivered third‐quarter revenue growth of 11.9% year-over-year, generating $22.48 billion and exceeding consensus forecasts. Earnings per share of $1.70 surpassed estimates by $0.29, driven by robust performance in Pratt & Whitney engines and Collins Aerospace systems. Management set full-year 2025 EPS guidance in the range of 6.10–6.20, underpinned by a healthy book-to-bill ratio above 1.0 across defense and commercial segments. Return on equity climbed to 13.3%, while net margin reached 7.7%, reinforcing confidence in near-term cash flow and dividend sustainability.

4. Analyst Ratings and Dividend Update

Several major brokerage firms have reiterated bullish ratings on RTX, with Bank of America, UBS, Citigroup and JPMorgan maintaining Buy or Overweight designations following the Q3 beat. The consensus among 23 analysts stands at a Moderate Buy, reflecting upward revisions to earnings estimates. On December 11, RTX paid a quarterly dividend of $0.68 per share, marking an annualized payout of $2.72 and a dividend payout ratio near 56%. Management’s commitment to returning capital via dividends alongside share repurchases has been highlighted as a key driver for investor appeal in a low-yield environment.

Sources

DD