Harel Insurance Boosts Stake in RTX Corporation by 4.2% to $60M; Fiduciary Office Sells 30.8%
Harel Insurance Investments & Financial Services raised its RTX stake by 4.2% to 358,872 shares after acquiring 14,567 more in Q3, valuing its holdings at $60.05 million. Meanwhile, Fiduciary Family Office LLC cut its RTX position by 30.8%, selling 2,862 shares to hold 6,418 shares worth $1.07 million.
1. Institutional Stake Changes in Third Quarter
Harel Insurance Investments & Financial Services Ltd. boosted its holdings in RTX Corporation by 4.2% during the third quarter, adding 14,567 shares to reach a total of 358,872 shares valued at approximately $60.0 million at period-end. Other funds also adjusted their positions: PFS Partners LLC more than doubled its stake to 177 shares, LFA Lugano Financial Advisors and Access Investment Management each initiated small positions near 160 shares, SOA Wealth Advisors raised its position by 57.4% to 192 shares, and Clayton Financial Group began a new position of roughly 200 shares. Collectively, institutional investors now own 86.5% of the company’s outstanding shares.
2. Insider Selling and Ownership Impact
Executive Vice President Neil G. Mitchill, Jr. sold 4,849 shares on October 24, reducing his position by 7.5% and generating proceeds of about $873,500. Post-sale, he holds 59,556 shares valued at approximately $10.7 million. Insider ownership stands at just 0.15%, a level that can signal limited executive skin in the game, while notable insider sales may weigh on near-term sentiment despite the company’s strong fundamentals.
3. Q3 Performance and FY 2025 Guidance
RTX reported third-quarter revenue of $22.48 billion, up 11.9% year-over-year, and delivered earnings per share of $1.70, beating consensus estimates by $0.29. Return on equity reached 13.28% and net margin was 7.67%. The company has set full-year 2025 EPS guidance between 6.10 and 6.20, reflecting management’s confidence in continued organic growth across its commercial aerospace and defense segments, driven by robust demand for Pratt & Whitney engines and Collins Aerospace systems.
4. Analyst Ratings and Price Targets
Wall Street sentiment remains broadly positive. Bank of America raised its target to support a buy rating, Morgan Stanley maintains an overweight view with a target above recent highs, and BNP Paribas Exane and Citigroup have similarly issued outperform and buy ratings, respectively. Of the 23 firms covering RTX, three rate it Strong Buy, 14 rate it Buy and six rate it Hold, resulting in a consensus of Moderate Buy. Median price targets sit comfortably above current levels, suggesting potential upside from the prevailing market valuation.