Great Lakes Advisors LLC Makes New Investment 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 purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 561,849 shares of the company's stock, valued at approximately $3,483,000. Great Lakes Advisors LLC owned about 0.13% of Newell Brands at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NWL. AQR Capital Management LLC increased its holdings in shares of Newell Brands by 401.2% during the 1st quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company's stock worth $65,382,000 after buying an additional 8,475,385 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after buying an additional 4,273,541 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Newell Brands by 12.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company's stock worth $126,646,000 after buying an additional 2,336,840 shares during the last quarter. Financial Sense Advisors Inc. acquired a new stake in shares of Newell Brands during the 1st quarter worth approximately $10,187,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Newell Brands during the 1st quarter worth approximately $9,404,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the transaction, the chief executive officer directly owned 52,007 shares in the company, valued at $265,755.77. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is currently owned by company insiders.

Newell Brands Stock Performance

NASDAQ NWL traded down $0.05 during trading on Tuesday, reaching $5.80. The company's stock had a trading volume of 662,072 shares, compared to its average volume of 8,892,078. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -9.82 and a beta of 0.99. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78. The business's fifty day moving average price is $5.71 and its 200-day moving average price is $5.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly 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 negative net margin of 3.29% and a positive return on equity of 8.48%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The business's 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. As a group, analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, August 29th. Newell Brands's payout ratio is -47.46%.

Wall Street Analyst Weigh In

NWL has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. dropped their price target on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. UBS Group boosted their price target on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Citigroup boosted their price target on shares of Newell Brands from $5.50 to $6.00 and gave the stock a "neutral" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Newell Brands 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.