SCHEDULE 13G/A: T. Rowe Price Investment Management Updates Stake in Ball Corp to 5.0%
Beneficial Ownership Report
T. Rowe Price Investment Management, Inc. has filed an amended Schedule 13G, reporting a 5.0% beneficial ownership stake in Ball Corp as of December 31, 2024.
Summary
- T. Rowe Price Investment Management, Inc. (TRPIM) has filed an Amendment No. 2 to its Schedule 13G regarding its beneficial ownership in Ball Corp.
- As of December 31, 2024, TRPIM beneficially owns an aggregate of 14,914,855 shares of Ball Corp's common stock.
- This ownership represents 5.0% of the class of securities.
- TRPIM holds sole voting power over 14,879,524 shares and sole dispositive power over 14,914,855 shares.
- TRPIM is classified as an investment adviser and states that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Ball Corp.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing (Schedule 13G) reporting beneficial ownership. It contains no forward-looking statements, financial performance data, or strategic updates that would indicate a positive or negative sentiment. It is purely informational regarding an institutional investor's stake.
Future Outlook
NA
Management Comments
- T. Rowe Price Investment Management, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
- T. Rowe Price Investment Management, Inc. declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.
Industry Context
This filing is a routine disclosure by a large institutional investor, T. Rowe Price Investment Management, Inc., updating its passive ownership stake in Ball Corp. Such filings are common and reflect portfolio adjustments by investment managers rather than specific industry-wide trends, though the continued holding of a significant stake by a major asset manager can signal confidence in the company within its sector (packaging, aerospace).
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming T. Rowe Price Investment Management's continued passive investment in Ball Corp.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date). |
| 02/14/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Ball Corp, T. Rowe Price Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Ownership Stake
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