FMR LLC & Abigail Johnson Disclose 8.126% Stake in OLIN Corp
Ticker: OLN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 74303
| Field | Detail |
|---|---|
| Company | Olin CORP (OLN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own over 8% of OLIN Corp, signaling continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in OLIN Corp. As of February 9, 2024, they collectively beneficially own 9,958,788 shares of OLIN Corp's common stock, representing 8.126% of the company. This filing indicates a significant, but not controlling, stake held by a prominent institutional investor, which can signal confidence in the company's long-term prospects to current and potential shareholders.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial position in OLIN Corp, which can be seen as a vote of confidence in the company's value.
Risk Assessment
Risk Level: low — This is a routine amendment to disclose an ownership stake and does not indicate any immediate financial risk or significant change in company control.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which suggests a stable long-term view from a major player, but this filing alone doesn't warrant immediate action.
Key Numbers
- 9,958,788 — Shares Beneficially Owned (Represents the total common stock shares of OLIN Corp held by FMR LLC and Abigail P. Johnson.)
- 8.126% — Percent of Class (Indicates the significant ownership percentage of OLIN Corp's common stock held by these reporting persons.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- OLIN Corp (company) — the issuer of the securities
- 9,958,788 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 8.126% (dollar_amount) — percentage of OLIN Corp's common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, non-controlling stake in OLIN Corp. (FMR LLC) — high confidence, target: Next 12-24 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing for OLIN Corp?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of OLIN Corp common stock shares beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 9,958,788 shares of OLIN Corp common stock, as detailed in Item 7 and Item 9 for each reporting person.
What percentage of OLIN Corp's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 8.126% of OLIN Corp's common stock, as indicated in Item 11 for both FMR LLC and Abigail P. Johnson.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the filing.
What is the CUSIP number for OLIN Corp's common stock mentioned in this filing?
The CUSIP number for OLIN Corp's common stock is #680665205, as stated multiple times in the filing, including under Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding OLIN Corp (OLN).