BlackRock Updates Passive Stake in RTX Corp. (Amendment No. 3)

Ticker: RTX · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

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

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.

From the Filing

0001086364-24-004665.txt : 20240126 0001086364-24-004665.hdr.sgml : 20240126 20240126162342 ACCESSION NUMBER: 0001086364-24-004665 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RTX Corp CENTRAL INDEX KEY: 0000101829 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 060570975 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-30179 FILM NUMBER: 24568136 BUSINESS ADDRESS: STREET 1: 1000 WILSON BLVD CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 781-522-3000 MAIL ADDRESS: STREET 1: 1000 WILSON BLVD CITY: ARLINGTON STATE: VA ZIP: 22209 FORMER COMPANY: FORMER CONFORMED NAME: RAYTHEON TECHNOLOGIES CORP DATE OF NAME CHANGE: 20200406 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TECHNOLOGIES CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TECHNOLOGIES MICROELECTRONICS CENTER DATE OF NAME CHANGE: 19850825 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us75513e1010_012624.txt us75513e1010_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) RTX Corp -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 75513E101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 75513E101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 97482439 (6) Shared voting power 0 (7) Sole dispositive power 104985755 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 104985755 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- RTX Corp Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------

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