Vanguard Group Amends Passive Stake in RTX Corp

Ticker: RTX · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Vanguard still holds a big chunk of RTX, showing long-term confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, for its holdings in RTX Corp (formerly Raytheon Technologies Corp). This filing, triggered by an event on December 29, 2023, indicates that Vanguard continues to hold a significant passive stake in RTX Corp's Common Stock. While the exact percentage isn't provided in this snippet, the filing confirms Vanguard's ongoing substantial ownership, which matters to investors as it signals continued institutional confidence in RTX Corp's long-term prospects.

Why It Matters

This filing confirms that a major institutional investor, The Vanguard Group, maintains a significant, passive ownership in RTX Corp, signaling their continued confidence in the company's long-term value.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative or positive financial risk.

Analyst Insight

Investors should note that a major institutional investor like Vanguard continues to hold a substantial, passive stake in RTX Corp, which can be seen as a vote of confidence. This information doesn't suggest immediate buying or selling, but rather reinforces the company's status as a stable, long-term institutional holding.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G/A amendment?

The Vanguard Group, an investment management company based in Valley Forge, PA, filed this SC 13G/A amendment.

What company's securities are the subject of this filing?

The securities of RTX Corp, formerly known as Raytheon Technologies Corp, are the subject of this filing. Their CUSIP number is 75513E101.

What was the date of the event that triggered this filing?

The event that required the filing of this statement occurred on December 29, 2023.

What type of filing is this, and what rule is it filed under?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G, and it is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.

What is the primary business of RTX Corp, according to the filing?

RTX Corp's Standard Industrial Classification is 'AIRCRAFT ENGINES & ENGINE PARTS [3724]', indicating their primary business is in the aerospace and defense sector.

From the Filing

0001104659-24-021868.txt : 20240213 0001104659-24-021868.hdr.sgml : 20240213 20240213171353 ACCESSION NUMBER: 0001104659-24-021868 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629424 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01851-rtxcorp.htm SCHEDULE 13G/A rtxcorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  RTX Corp Title of Class of Securities:  Common Stock CUSIP Number:  75513E101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  75513E101 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 1,646,939 7.  SOLE DISPOSITIVE POWER 117,889,910 8.  SHARED DISPOSITIVE POWER 6,011,201 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 123,901,111 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.62% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: RTX Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 1000 Wilson Boulevard Arlington, VA 22209 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address o

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