Newell Brands Inc. (NASDAQ:NWL – Get Free Report) insider Bradford Turner sold 100,000 shares of Newell Brands stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.60, for a total transaction of $360,000.00. Following the transaction, the insider directly owned 464,449 shares in the company, valued at approximately $1,672,016.40. This represents a 17.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Newell Brands Price Performance
Newell Brands stock opened at $3.66 on Thursday. The stock has a market cap of $1.56 billion, a P/E ratio of -5.46, a P/E/G ratio of 4.42 and a beta of 1.06. The company’s 50 day moving average price is $3.85 and its two-hundred day moving average price is $3.96. The company has a quick ratio of 0.51, a current ratio of 1.04 and a debt-to-equity ratio of 1.94. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $6.64.
Newell Brands (NASDAQ:NWL – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.04. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. On average, equities analysts predict that Newell Brands Inc. will post 0.57 earnings per share for the current year.
Newell Brands Dividend Announcement
Institutional Trading of Newell Brands
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its stake in shares of Newell Brands by 41.8% during the 1st quarter. Glenmede Trust Co. NA now owns 37,969 shares of the company’s stock valued at $130,000 after purchasing an additional 11,187 shares during the period. Bank of America Corp DE raised its stake in shares of Newell Brands by 40.0% during the 1st quarter. Bank of America Corp DE now owns 1,122,742 shares of the company’s stock valued at $3,851,000 after purchasing an additional 320,770 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Newell Brands during the 1st quarter valued at $769,000. Bull Harbor Capital LLC bought a new stake in shares of Newell Brands during the 1st quarter valued at $78,000. Finally, Amundi raised its stake in shares of Newell Brands by 260.3% during the 1st quarter. Amundi now owns 37,595 shares of the company’s stock valued at $129,000 after purchasing an additional 27,162 shares during the period. 92.50% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
NWL has been the subject of several research reports. Citigroup increased their price target on shares of Newell Brands from $4.00 to $4.75 and gave the company a “neutral” rating in a research report on Monday, May 4th. Royal Bank Of Canada set a $4.00 price target on shares of Newell Brands in a research report on Thursday, April 9th. Barclays reduced their price target on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley lowered Newell Brands from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $4.00 to $3.50 in a report on Wednesday, May 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.94.
Read Our Latest Research Report on NWL
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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