Royal Bank of Canada increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL – Free Report) by 9.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,300,646 shares of the company’s stock after buying an additional 112,177 shares during the period. Royal Bank of Canada owned about 0.31% of Newell Brands worth $4,463,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its stake in shares of Newell Brands by 510.3% in the fourth quarter. Intech Investment Management LLC now owns 483,491 shares of the company’s stock worth $1,799,000 after purchasing an additional 404,269 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Newell Brands during the 1st quarter worth about $638,000. Weiss Asset Management LP bought a new stake in shares of Newell Brands in the 1st quarter valued at about $1,261,000. Pzena Investment Management LLC raised its position in shares of Newell Brands by 5.0% during the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock worth $186,073,000 after acquiring an additional 2,375,782 shares during the last quarter. Finally, CastleKnight Management LP lifted its stake in shares of Newell Brands by 397.9% in the fourth quarter. CastleKnight Management LP now owns 864,914 shares of the company’s stock worth $3,217,000 after acquiring an additional 691,214 shares during the period. 92.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Morgan Stanley reissued an “underweight” rating and set a $5.75 target price on shares of Newell Brands in a research note on Thursday, August 6th. Canaccord Genuity Group upped their price target on shares of Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price objective on shares of Newell Brands in a research report on Monday, August 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Newell Brands in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.66.
Insider Activity at Newell Brands
In other news, insider Bradford R. Turner sold 100,000 shares of the company’s 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 transaction, the insider directly owned 433,398 shares of the company’s stock, valued at $2,669,731.68. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kristine Kay Malkoski sold 10,850 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 211,750 shares of company stock valued at $1,018,896. Corporate insiders own 1.64% of the company’s stock.
Newell Brands Price Performance
Shares of NASDAQ NWL opened at $6.17 on Friday. The firm’s 50-day moving average price is $5.35 and its 200-day moving average price is $4.52. Newell Brands Inc. has a 1-year low of $3.07 and a 1-year high of $7.13. The firm has a market capitalization of $2.63 billion, a P/E ratio of -11.64, a P/E/G ratio of 1.52 and a beta of 0.88. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85.
Newell Brands (NASDAQ:NWL – Get Free Report) last released its quarterly earnings data 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. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. 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. Equities research analysts anticipate that Newell Brands Inc. will post 0.76 earnings per share for the current fiscal year.
Newell Brands Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s dividend payout ratio (DPR) is -52.83%.
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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