47,990,664 Shares in Newell Brands Inc. $NWL Acquired by Pzena Investment Management LLC

Key Points

• Pzena Investment Management acquired 47.99 million Newell Brands shares worth approximately $294.7 million, giving it an 11.27% stake. Institutional investors and hedge funds collectively own 92.5% of NWL.
• Newell Brands reported quarterly EPS of $0.42, beating the $0.20 consensus estimate, while revenue reached $1.99 billion, up 3% year over year. The company guided for third-quarter EPS of $0.18–$0.20 and full-year EPS of $0.73–$0.77.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $6.66 target price; insiders sold 211,750 shares in the past 90 days. Newell also announced a quarterly dividend of $0.07 per share, representing a 4.6% annualized yield.

Pzena Investment Management LLC acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 47,990,664 shares of the company's stock, valued at approximately $294,663,000. Pzena Investment Management LLC owned 11.27% of Newell Brands at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Newell Brands by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 11,408 shares of the company's stock valued at $70,000 after acquiring an additional 1,887 shares during the period. California State Teachers Retirement System increased its position in shares of Newell Brands by 0.6% in the second quarter. California State Teachers Retirement System now owns 384,848 shares of the company's stock worth $2,078,000 after purchasing an additional 2,108 shares during the period. The Manufacturers Life Insurance Company raised its stake in Newell Brands by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 78,967 shares of the company's stock valued at $294,000 after purchasing an additional 2,171 shares in the last quarter. Osaic Holdings Inc. raised its stake in Newell Brands by 19.6% in the second quarter. Osaic Holdings Inc. now owns 14,104 shares of the company's stock valued at $76,000 after purchasing an additional 2,308 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in Newell Brands by 14.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company's stock worth $68,000 after purchasing an additional 2,456 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the sale, the insider owned 433,398 shares of the company's stock, valued at approximately $2,669,731.68. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kristine Kay Malkoski sold 10,850 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total transaction of $39,602.50. The disclosure for this sale is available in the SEC filing. Insiders sold 211,750 shares of company stock worth $1,018,896 in the last 90 days. Company insiders own 1.64% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NWL. Canaccord Genuity Group increased their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Morgan Stanley restated an "underweight" rating and issued a $5.75 target price on shares of Newell Brands in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Newell Brands in a report on Wednesday, August 12th. Zacks Research upgraded shares of Newell Brands from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on shares of Newell Brands from $4.00 to $5.00 and gave the company a "sector perform" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.66.

Newell Brands Stock Performance

NASDAQ:NWL opened at $6.04 on Tuesday. Newell Brands Inc. has a twelve month low of $3.07 and a twelve month high of $7.13. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 1.85. The stock's 50-day simple moving average is $5.44 and its 200 day simple moving average is $4.54. The firm has a market capitalization of $2.57 billion, a PE ratio of -11.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.88.

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

Newell Brands Dividend Announcement

The business 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. The ex-dividend date is Monday, August 31st. This represents a $0.28 dividend on an annualized basis and a yield of 4.6%. Newell Brands's dividend payout ratio (DPR) is currently -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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