132,631 Shares in Newell Brands Inc. $NWL Purchased by Strs Ohio

Key Points

• Strs Ohio purchased 132,631 shares of Newell Brands, valued at approximately $822,000, indicating strong interest from institutional investors in the company's stock.
• Newell Brands recently reported a quarterly earnings per share (EPS) of $0.24, matching forecasts, but showed a 4.8% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.07 per share, yielding 5.1%, with a negative dividend payout ratio of -47.46%.

Strs Ohio acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 132,631 shares of the company's stock, valued at approximately $822,000.

A number of other institutional investors have also made changes to their positions in the stock. Pingora Partners LLC grew its stake in shares of Newell Brands by 3.1% during the first quarter. Pingora Partners LLC now owns 66,224 shares of the company's stock worth $411,000 after purchasing an additional 2,000 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Newell Brands during the 4th quarter worth $33,000. Register Financial Advisors LLC raised its stake in Newell Brands by 27.2% during the 1st quarter. Register Financial Advisors LLC now owns 18,722 shares of the company's stock worth $116,000 after buying an additional 4,005 shares during the period. Farther Finance Advisors LLC raised its stake in Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after buying an additional 4,169 shares during the period. Finally, Xponance Inc. raised its stake in Newell Brands by 21.2% during the 1st quarter. Xponance Inc. now owns 24,055 shares of the company's stock worth $149,000 after buying an additional 4,204 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Up 0.6%

Shares of NASDAQ:NWL traded up $0.04 during midday trading on Tuesday, reaching $5.53. The company had a trading volume of 318,336 shares, compared to its average volume of 8,810,469. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68. The business's 50 day moving average price is $5.70 and its 200 day moving average price is $5.60. The stock has a market cap of $2.32 billion, a PE ratio of -9.36 and a beta of 0.99. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.Newell Brands's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.1%. Newell Brands's payout ratio is currently -47.46%.

Insider Activity

In related news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the sale, the chief executive officer owned 52,007 shares of the company's stock, valued at approximately $265,755.77. The trade was a 14.47% 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. Corporate insiders own 0.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NWL shares. Canaccord Genuity Group dropped their price objective on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. UBS Group raised their price objective on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Citigroup raised their price objective on Newell Brands from $5.50 to $6.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. dropped their price target on Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, Wells Fargo & Company lifted their price target on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Newell Brands presently has an average rating of "Moderate Buy" and a consensus target price of $7.44.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.