BlackRock Amends Masco Stake to 8.7% as of Dec 31, 2023

Ticker: MAS · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, portfolio-update

TL;DR

**BlackRock now owns 8.7% of Masco, signaling a slight portfolio adjustment.**

AI Summary

BlackRock Inc. has filed an amended Schedule 13G/A, indicating a change in its ownership stake in Masco Corporation (MAS). As of December 31, 2023, BlackRock reported beneficial ownership of 20,410,547 shares of Masco's Common Stock, representing 8.7% of the company. This is an amendment to their previous filing, showing a slight adjustment in their holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their position can signal their confidence (or lack thereof) in Masco's future performance.

Why It Matters

This filing shows BlackRock's updated ownership in Masco, providing insight into a major institutional investor's current position and potential sentiment towards the company.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk to the company or its stock.

Analyst Insight

Investors should note BlackRock's continued significant, albeit slightly adjusted, stake in Masco, which suggests ongoing institutional interest. This filing itself doesn't warrant immediate action but provides context for Masco's institutional ownership profile.

Key Numbers

20,410,547 — Shares owned by BlackRock (Represents BlackRock's total beneficial ownership in Masco Corporation.)
8.7% — Percentage of Class (Indicates BlackRock's significant stake in Masco Corporation as of December 31, 2023.)
December 31, 2023 — Reporting Date (The specific date for which the ownership data is reported in this filing.)

Key Players & Entities

BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
Masco Corporation (company) — the subject company in which BlackRock holds shares
20,410,547 shares (dollar_amount) — the total number of shares beneficially owned by BlackRock
8.7% (dollar_amount) — the percentage of Masco's Common Stock beneficially owned by BlackRock
December 31, 2023 (dollar_amount) — the date of the event requiring this filing

Forward-Looking Statements

BlackRock will maintain a significant, but potentially fluctuating, stake in Masco Corporation. (BlackRock Inc.) — high confidence, target: Next 12 months

FAQ

What is the purpose of an SC 13G/A filing?

An SC 13G/A is an amendment to a Schedule 13G filing, used by institutional investors like BlackRock to update their beneficial ownership of 5% or more of a company's stock, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

Which company is the subject of this SC 13G/A filing?

The subject company of this filing is MASCO CORPORATION /DE/, with CIK 0000062996, which manufactures heating equipment and plumbing fixtures.

Who filed this SC 13G/A?

This SC 13G/A was filed by BlackRock Inc., a major institutional investment manager with CIK 0001364742, located at 50 Hudson Yards, New York, NY.

What was BlackRock's beneficial ownership percentage in Masco Corporation as of the filing's event date?

As of December 31, 2023, BlackRock Inc. beneficially owned 8.7% of Masco Corporation's Common Stock, totaling 20,410,547 shares.

What is the CUSIP number for Masco Corporation's Common Stock mentioned in this filing?

The CUSIP number for Masco Corporation's Common Stock, as stated in the filing, is 574599106.

From the Filing

0001086364-24-004667.txt : 20240126 0001086364-24-004667.hdr.sgml : 20240126 20240126162342 ACCESSION NUMBER: 0001086364-24-004667 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MASCO CORP /DE/ CENTRAL INDEX KEY: 0000062996 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 381794485 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10569 FILM NUMBER: 24568134 BUSINESS ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 BUSINESS PHONE: 3132747400 MAIL ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 FORMER COMPANY: FORMER CONFORMED NAME: MASCO SCREW PRODUCTS CO DATE OF NAME CHANGE: 19731025 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5745991068_012624.txt us5745991068_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) MASCO CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 574599106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 574599106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 14972205 (6) Shared voting power 0 (7) Sole dispositive power 16512936 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 16512936 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- MASCO CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 17450 COLLEGE PARKWAY LIVONIA MI 48152 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRo