American Century Companies Inc. Invests $3.21 Million in Newell Brands Inc. $NWL

Key Points

• American Century Companies Inc. acquired 517,255 shares of Newell Brands, valuing approximately $3.2 million, marking a new investment in the company as of Q1.
• Newell Brands reported a quarterly EPS of $0.24, meeting analysts' expectations, despite a 4.8% decline in revenue year-over-year.
• The company declared a $0.07 quarterly dividend, resulting in an annualized yield of 4.7%, payable to shareholders on September 15th.

American Century Companies Inc. bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 517,255 shares of the company's stock, valued at approximately $3,207,000. American Century Companies Inc. owned 0.12% of Newell Brands at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NWL. First Trust Advisors LP acquired a new stake in shares of Newell Brands in the 4th quarter worth approximately $3,621,000. Tower Research Capital LLC TRC lifted its stake in shares of Newell Brands by 85.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,319 shares of the company's stock worth $222,000 after purchasing an additional 10,280 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Newell Brands by 53.4% during the 4th quarter. Hsbc Holdings PLC now owns 40,219 shares of the company's stock worth $402,000 after buying an additional 13,998 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Newell Brands by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 264,907 shares of the company's stock valued at $2,639,000 after buying an additional 24,466 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Newell Brands by 208.7% in the fourth quarter. Voya Investment Management LLC now owns 166,618 shares of the company's stock valued at $1,660,000 after buying an additional 112,649 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

NWL has been the subject of several recent analyst reports. Canaccord Genuity Group lowered their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Wells Fargo & Company lifted their price target on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Citigroup reiterated a "neutral" rating and set a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Finally, UBS Group lifted their price target on shares of 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 given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Insider Buying and Selling

In other Newell Brands 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.

Newell Brands Stock Performance

NWL traded down $0.01 during trading on Thursday, hitting $6.29. The stock had a trading volume of 6,771,536 shares, compared to its average volume of 8,990,455. The company has a 50 day simple moving average of $5.63 and a 200-day simple moving average of $5.68. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.63 billion, a PE ratio of -10.65 and a beta of 0.99.

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

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 4.5%. Newell Brands's payout ratio is presently -47.46%.

Newell Brands Company 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.