SCHEDULE: DePrince, Race & Zollo Reports 5.11% Stake in Newell Brands

DePrince, Race & Zollo, Inc. has disclosed a beneficial ownership stake of 5.11% in Newell Brands Inc., holding 21,712,391 shares.

Summary

• DePrince, Race & Zollo, Inc. has filed a Schedule 13G, indicating their beneficial ownership of Newell Brands Inc. common stock.
• The filing reports that DePrince, Race & Zollo, Inc. beneficially owns 21,712,391 shares of Newell Brands Inc. common stock.
• This represents 5.11% of the class of securities.
• The reporting entity has sole voting power over 18,533,373 shares and sole dispositive power over 21,712,391 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without significant new strategic or financial information.

Positives

• DePrince, Race & Zollo, Inc. has a significant stake, indicating investor confidence or strategic interest in Newell Brands.
• The filing confirms the shares are held in the ordinary course of business, suggesting a standard investment approach.

Negatives

• No new financial performance data or strategic initiatives are disclosed in this filing.

Risks

• The filing does not explicitly mention any new risks or challenges.
• Potential risks could arise if the investment strategy of DePrince, Race & Zollo, Inc. changes, impacting Newell Brands' stock.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors crossing a 5% ownership threshold. This filing indicates DePrince, Race & Zollo, Inc. has reached that threshold for Newell Brands, a consumer goods company.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's stake, which could influence market perception.
• Management: The certification implies no intent to influence control, which is a standard assurance for such filings.

Next Steps

• DePrince, Race & Zollo, Inc. will continue to hold its shares in Newell Brands Inc.
• Future filings will be made if there are significant changes in beneficial ownership.

Key Dates

Keywords

beneficial ownership, Schedule 13G, Newell Brands, investment, common stock, voting power, dispositive power