The Manufacturers Life Insurance Company bought a new stake in Newell Brands Inc. (NASDAQ:NWL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 210,880 shares of the company’s stock, valued at approximately $1,295,000.
Several other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its position in Newell Brands by 510.3% during the fourth quarter. Intech Investment Management LLC now owns 483,491 shares of the company’s stock valued at $1,799,000 after buying an additional 404,269 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Newell Brands in the 1st quarter worth about $638,000. Weiss Asset Management LP purchased a new stake in shares of Newell Brands in the 1st quarter worth about $1,261,000. Pzena Investment Management LLC bought a new position in shares of Newell Brands in the 2nd quarter worth about $294,663,000. Finally, Sei Investments Co. lifted its position in Newell Brands by 79.6% during the 1st quarter. Sei Investments Co. now owns 1,062,207 shares of the company’s stock valued at $3,643,000 after acquiring an additional 470,631 shares during the period. 92.50% of the stock is currently owned by institutional investors.
Insider Activity
In other Newell Brands news, insider Bradford Turner sold 100,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the transaction, the insider owned 433,398 shares of the company’s stock, valued at approximately $2,669,731.68. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.64% of the stock is currently owned by company insiders.
Newell Brands Stock Performance
Newell Brands (NASDAQ:NWL – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.22. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. 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. Sell-side analysts expect that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.
Newell Brands Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s dividend payout ratio is presently -52.83%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on NWL. Morgan Stanley reissued an “underweight” rating and set a $5.75 price objective on shares of Newell Brands in a research note on Thursday, August 6th. Weiss Ratings raised shares of Newell Brands from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, August 26th. UBS Group lifted their target price on shares of Newell Brands from $4.75 to $5.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised Newell Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.66.
Read Our Latest Stock Report on Newell Brands
Newell Brands Company Profile
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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