SCHEDULE 13G/A: BlackRock Amends Passive Stake in Newell Brands, Disclosing 13.8% Ownership
Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 13.8% passive beneficial ownership stake in Newell Brands Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 15 to Schedule 13G regarding its beneficial ownership in Newell Brands Inc.
- As of March 31, 2025, BlackRock, Inc. beneficially owns 57,545,258 shares of Newell Brands Inc. Common Stock.
- This represents 13.8% of the total outstanding common stock of Newell Brands Inc.
- BlackRock holds sole voting power over 56,736,270 shares and sole dispositive power over 57,545,258 shares.
- No shared voting or dispositive power is reported.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- iShares Core S&P Small-Cap ETF, an entity associated with BlackRock, holds more than 5% of Newell Brands Inc. common stock.
- BlackRock Fund Advisors also beneficially owns 5% or greater of the outstanding shares of the security class being reported.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) by an institutional investor, BlackRock, disclosing its passive ownership stake. It contains factual information about shareholdings and does not convey positive or negative sentiment regarding the issuer's performance or outlook. Therefore, it is neutral.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major institutional investor, BlackRock, indicating its passive ownership stake in Newell Brands Inc., a consumer goods company. Such disclosures are common for large asset managers who hold significant positions across numerous public companies as part of their investment strategies, often through index funds or ETFs. It reflects BlackRock's continued presence as a significant shareholder in the consumer durables sector.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency regarding a significant institutional ownership stake. It confirms BlackRock's continued passive investment in Newell Brands, which can be viewed as a vote of confidence from a major asset manager.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires the filing of this statement (reporting period end date). |
| 2025-04-29 | Date of filing and signature by BlackRock, Inc. |
Keywords
BlackRock, Newell Brands Inc., NWL, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing, Investment Management
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