SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 14.6% Beneficial Stake in Terex Corp
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, revealing a beneficial ownership of 14.6% of Terex Corp's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 9,703,803.32 shares of Terex Corp New common stock.
- This represents 14.6% of the total outstanding common stock of Terex Corp New.
- FMR LLC holds sole voting power over 9,695,376.00 shares and sole dispositive power over 9,703,803.32 shares.
- Abigail P. Johnson holds sole dispositive power over 9,703,803.32 shares.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously disclosed ownership position.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Terex Corp.
- FMR LLC is classified as a parent holding company or control person, with several subsidiaries like Fidelity Management & Research Company LLC (which beneficially owns 5% or greater) contributing to the aggregate ownership.
- Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and a member of the Johnson family, is part of the controlling group with respect to FMR LLC.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without explicit positive or negative performance indicators or forward-looking statements.
Positives
- Increased transparency regarding significant institutional ownership in Terex Corp.
- The filing indicates the shares are held for investment purposes in the ordinary course of business, not for activist intentions to change control.
Risks
- Potential for future changes in ownership stake by a large institutional investor could influence stock price volatility.
- Concentration of voting power within FMR LLC and the Johnson family group could influence FMR LLC's decisions regarding its investment in Terex Corp.
Future Outlook
NA
Industry Context
This filing reflects a significant institutional investment in Terex Corp, a company operating in the industrial sector, likely manufacturing and materials processing. Such large stakes by major asset managers like FMR LLC are common across various industries as part of diversified investment strategies.
Stakeholder Impact
- Shareholders: Provides transparency on a significant institutional holder's stake, which can influence market perception and liquidity. The large stake by FMR LLC indicates a notable institutional interest in Terex Corp.
- Management: Awareness of a large, passive institutional investor, which typically does not seek to influence control.
Next Steps
- FMR LLC and Abigail P. Johnson will continue to file Schedule 13G amendments if their beneficial ownership percentage changes significantly (e.g., by more than 1%).
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC, accession number -23-000003, where FMR LLC's Power of Attorney is incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC, accession number -23-000038, where Abigail P. Johnson's Power of Attorney is incorporated by reference. |
| 2025-03-31 | Date of event which requires filing of this statement (ownership position as of this date). |
| 2025-05-09 | Date of signing and filing of this Schedule 13G Amendment No. 2. |
Keywords
Terex Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure, Investment Management
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