Great Lakes Advisors LLC Purchases New Shares in Newell Brands Inc. $NWL

Key Points

• Great Lakes Advisors LLC has acquired 561,849 shares of Newell Brands Inc., representing a new investment valued at approximately $3.48 million.
• Newell Brands' CEO, Melanie Arlene Huet, sold 8,800 shares at an average price of $5.11, which decreased her ownership stake by 14.47%.
• Recent analyst reports have led to a mixed outlook on Newell Brands, with target prices ranging from $6.00 to $9.00 and a consensus rating of "Moderate Buy."

Great Lakes Advisors LLC bought a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 561,849 shares of the company's stock, valued at approximately $3,483,000. Great Lakes Advisors LLC owned approximately 0.13% of Newell Brands as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Sense Advisors Inc. bought a new position in Newell Brands during the first quarter valued at about $10,187,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Newell Brands by 121.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock valued at $889,000 after acquiring an additional 78,718 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Newell Brands by 12.8% in the 1st quarter. Russell Investments Group Ltd. now owns 3,709,248 shares of the company's stock worth $22,999,000 after purchasing an additional 420,638 shares during the last quarter. Principal Financial Group Inc. lifted its position in Newell Brands by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company's stock worth $12,801,000 after acquiring an additional 48,904 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Newell Brands in the 1st quarter valued at approximately $620,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Trading Down 2.8%

Shares of NASDAQ:NWL traded down $0.17 during midday trading on Friday, reaching $5.92. The company's stock had a trading volume of 5,979,776 shares, compared to its average volume of 7,255,547. The firm has a 50 day moving average price of $5.71 and a two-hundred day moving average price of $5.65. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -10.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12.

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

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a yield of 4.7%. Newell Brands's payout ratio is currently -47.46%.

Insider Activity

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the sale, the chief executive officer directly owned 52,007 shares of the company's stock, valued at $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NWL. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Citigroup reaffirmed a "neutral" rating and issued a $6.00 price objective (up from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Wells Fargo & Company increased their price target on shares of Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Canaccord Genuity Group dropped their price target on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Finally, UBS Group upped their price target on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.