Strs Ohio Makes New $822,000 Investment in Newell Brands Inc. $NWL

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 stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 132,631 shares of the company's stock, valued at approximately $822,000.

Several other institutional investors have also bought and sold shares of the business. Intech Investment Management LLC bought a new position in Newell Brands during the 1st quarter worth about $1,326,000. Focus Partners Wealth raised its position in Newell Brands by 47.0% during the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company's stock worth $396,000 after buying an additional 20,406 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Newell Brands by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company's stock valued at $8,073,000 after purchasing an additional 153,658 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Newell Brands during the 1st quarter valued at approximately $3,483,000. Finally, Goldman Sachs Group Inc. increased its holdings in Newell Brands by 47.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company's stock worth $3,497,000 after acquiring an additional 181,113 shares in the last quarter. Institutional investors own 92.50% of the company's stock.

Insiders Place Their Bets

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the transaction, the chief executive officer directly owned 52,007 shares in the company, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Newell Brands Stock Performance

Shares of NWL stock traded down $0.27 during mid-day trading on Friday, reaching $5.53. The stock had a trading volume of 9,561,241 shares, compared to its average volume of 6,723,687. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. 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 firm's 50 day simple moving average is $5.70 and its 200 day simple moving average is $5.62. The firm has a market cap of $2.32 billion, a PE ratio of -9.37 and a beta of 0.99.

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

Newell Brands Announces Dividend

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

Analyst Upgrades and Downgrades

NWL has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Citigroup upped their target price on shares of Newell Brands from $5.50 to $6.00 and gave the stock a "neutral" rating in a research note on Tuesday. Canaccord Genuity Group lowered their price target on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a report on Monday, August 4th. Finally, UBS Group upped their price target on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Newell Brands 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.