275,202 Shares in Newell Brands Inc. $NWL Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management acquired 275,202 Newell Brands shares valued at approximately $1.69 million, joining other institutional investors that collectively own 92.5% of NWL.
• Newell Brands reported quarterly EPS of $0.42, exceeding the $0.20 consensus estimate, while revenue rose 3% year over year to $1.99 billion. The company issued third-quarter EPS guidance of $0.18–$0.20 and full-year guidance of $0.73–$0.77.
• Shares recently opened at $6.17, up 4.9%, while analysts maintain a consensus “Hold” rating with a $6.66 price target. The company also announced a quarterly dividend of $0.07 per share, implying a 4.5% annualized yield.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 275,202 shares of the company's stock, valued at approximately $1,690,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Newell Brands at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP boosted its position in Newell Brands by 139.3% during the fourth quarter. Quarry LP now owns 7,416 shares of the company's stock valued at $28,000 after purchasing an additional 4,317 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Newell Brands in the fourth quarter valued at $30,000. Citizens Financial Group Inc. RI bought a new position in shares of Newell Brands in the 4th quarter valued at about $39,000. HighPoint Advisor Group LLC acquired a new position in shares of Newell Brands during the 4th quarter worth about $39,000. Finally, 111 Capital bought a new stake in shares of Newell Brands in the 4th quarter valued at about $39,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley reiterated an "underweight" rating and set a $5.75 price target on shares of Newell Brands in a report on Thursday, August 6th. Zacks Research raised Newell Brands from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Weiss Ratings raised Newell Brands from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $6.00 price objective on shares of Newell Brands in a report on Monday, August 3rd. Finally, Barclays lifted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Newell Brands presently has a consensus rating of "Hold" and a consensus price target of $6.66.

Newell Brands Stock Up 4.9%

Shares of NASDAQ NWL opened at $6.17 on Friday. The company has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $4.64. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $7.13. The firm has a market cap of $2.63 billion, a PE ratio of -11.64, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The company's revenue was up 3.0% compared to the same quarter last year. 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. On average, research analysts forecast that Newell Brands Inc. will post 0.76 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given 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 currently -52.83%.

Insider Activity

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider owned 433,398 shares of the company's stock, valued at $2,669,731.68. The trade was a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.64% of the stock is currently owned by company insiders.

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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