Insider Selling: Newell Brands (NASDAQ:NWL) Insider Sells $616,000.00 in Stock

Newell Brands Inc. (NASDAQ:NWLGet Free Report) insider Bradford Turner sold 100,000 shares of Newell Brands stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the sale, the insider directly owned 433,398 shares in the company, valued at $2,669,731.68. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Newell Brands Stock Performance

Newell Brands stock traded down $0.11 during trading on Monday, hitting $5.90. The stock had a trading volume of 7,559,605 shares, compared to its average volume of 8,257,115. The stock’s 50 day moving average is $5.14 and its two-hundred day moving average is $4.46. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $7.13. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -11.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 1.85.

Newell Brands (NASDAQ:NWLGet Free Report) last released its earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.22. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. As a group, analysts predict that Newell Brands Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on NWL. Canaccord Genuity Group lifted their price objective on Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 target price on shares of Newell Brands in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a research report on Friday, May 15th. Finally, Morgan Stanley restated an “underweight” rating and set a $5.75 price target on shares of Newell Brands in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Newell Brands has a consensus rating of “Hold” and an average price target of $6.66.

Get Our Latest Analysis on Newell Brands

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NWL. BlackRock Inc. bought a new stake in shares of Newell Brands during the second quarter valued at about $436,133,000. Pzena Investment Management LLC boosted its position in shares of Newell Brands by 5.0% in the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock valued at $186,073,000 after acquiring an additional 2,375,782 shares during the period. AQR Capital Management LLC boosted its position in shares of Newell Brands by 197.8% in the fourth quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock valued at $78,741,000 after acquiring an additional 14,059,209 shares during the period. Deprince Race & Zollo Inc. grew its stake in Newell Brands by 0.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 18,802,600 shares of the company’s stock valued at $69,946,000 after acquiring an additional 131,796 shares in the last quarter. Finally, Rubric Capital Management LP grew its stake in Newell Brands by 17.4% during the first quarter. Rubric Capital Management LP now owns 15,257,431 shares of the company’s stock valued at $52,333,000 after acquiring an additional 2,257,431 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

About Newell Brands

(Get Free Report)

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.

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