Harel Insurance Raises RTX Corporation Stake 4.2% to $60.05M as Fiduciary Family Office Cuts 30.8%
Harel Insurance Investments & Financial Services Ltd. increased its stake in RTX Corporation by 4.2% to 358,872 shares in Q3, adding 14,567 shares and raising its holding to $60.05 million. Conversely, Fiduciary Family Office LLC trimmed its position by 30.8% to 6,418 shares, reducing its stake to $1.07 million.
1. Harel Insurance Boosts Stake
Harel Insurance Investments & Financial Services Ltd. increased its position in RTX by 4.2% during the third quarter, acquiring an additional 14,567 shares to bring its total holdings to 358,872 shares. At quarter end, this stake was valued at approximately $60.05 million. This move contrasts with more modest changes by smaller investors such as PFS Partners LLC, which doubled its stake to 177 shares, and several advisors and wealth managers that added positions ranging from 70 to 192 shares. Institutional and hedge funds collectively hold 86.50% of RTX’s outstanding stock, underscoring continued confidence from large-scale investors.
2. Strong Q3 Results and Upbeat Guidance
In its third-quarter report, RTX delivered revenue of $22.48 billion, an 11.9% year-over-year increase, and reported earnings per share of $1.70, beating consensus by $0.29. The company’s return on equity reached 13.28% and net margin stood at 7.67%. Management set full-year 2025 earnings guidance in a range of $6.10 to $6.20 per share, implying mid-single-digit growth in profit. This robust performance has drawn multiple Buy and Overweight ratings from major brokerages, which have raised price targets and highlight the aerospace and defense leader’s strong backlog and diversified portfolio.
3. Insider Selling and Analyst Outlook
Executive Vice President Neil G. Mitchill, Jr. sold 4,849 shares on October 24, reducing his holding by 7.53% in a single transaction valued at $873,547.35. Corporate insiders now control just 0.15% of the company’s shares. Despite this selling, Wall Street sentiment remains positive: three firms assign a Strong Buy rating, fourteen recommend Buy and six maintain Hold. The consensus among analysts yields a Moderate Buy rating, with an average target above current levels, reflecting confidence in continued revenue growth from Pratt & Whitney engines, Collins Aerospace systems and forthcoming defense contracts.