BlackRock Updates Passive Stake in RTX Corp. (Amendment No. 3)
Ticker: RTX · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 101829
| Field | Detail |
|---|---|
| Company | Rtx Corp (RTX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, RTX
TL;DR
**BlackRock just updated its passive stake in RTX, showing continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of RTX Corp. common stock as of December 31, 2023. This filing, Amendment No. 3, updates previous disclosures regarding BlackRock's passive investment in the defense and aerospace giant. This matters to investors because BlackRock is a major institutional holder, and changes in its reported stake can signal shifts in large-scale investor sentiment or portfolio adjustments, potentially influencing stock stability and perceived value.
Why It Matters
This filing shows BlackRock's continued significant, albeit passive, investment in RTX Corp., providing transparency into major institutional ownership and its potential influence on the stock.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which generally poses low risk to the company or its shareholders.
Analyst Insight
An investor should note BlackRock's continued passive stake in RTX Corp. as a sign of institutional presence, but this filing alone doesn't suggest any immediate action beyond monitoring future ownership changes or company performance.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- RTX Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 3 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No: 3, as stated in the filing.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this statement, is BlackRock Inc., as indicated in the 'FILED BY' section of the filing.
What is the subject company whose securities are being reported?
The subject company, also known as the 'Name of Issuer,' is RTX Corp., as stated in the 'SUBJECT COMPANY' section and on the Schedule 13G form itself.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of RTX Corp. is 75513E101, as listed under 'CUSIP Number' in the Schedule 13G.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding RTX Corp (RTX).