BlackRock Inc. Takes Position in Newell Brands Inc. $NWL

Key Points

• BlackRock acquired 71.0 million Newell Brands shares valued at approximately $436.1 million, giving it a 16.68% stake. Institutional investors collectively own 92.5% of NWL.
• Newell Brands beat quarterly earnings expectations, reporting $0.42 EPS versus $0.20 expected and $1.99 billion in revenue, up 3% year over year. The company maintained FY2026 EPS guidance of $0.73–$0.77.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $6.66 price target, despite several firms raising targets and Zacks upgrading the stock to “Strong Buy.” NWL also offers a quarterly dividend of $0.07, equivalent to a 4.7% annualized yield.

BlackRock Inc. 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,031,482 shares of the company's stock, valued at approximately $436,133,000. BlackRock Inc. owned 16.68% of Newell Brands as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of NWL. Royal Bank of Canada increased its stake in shares of Newell Brands by 29.2% during the 1st quarter. Royal Bank of Canada now owns 775,131 shares of the company's stock valued at $4,800,000 after acquiring an additional 175,178 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Newell Brands by 47.3% during the first quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company's stock worth $3,497,000 after purchasing an additional 181,113 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Newell Brands by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company's stock worth $8,073,000 after purchasing an additional 153,658 shares during the period. Focus Partners Wealth boosted its holdings in shares of Newell Brands by 47.0% in the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company's stock valued at $396,000 after purchasing an additional 20,406 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Newell Brands in the 1st quarter valued at $1,326,000. Institutional investors and hedge funds own 92.50% of the company's stock.

More Newell Brands News

Here are the key news stories impacting Newell Brands this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $0.76 from $0.56 and increased its Q1 2027 estimate to a loss of $0.02 per share from a loss of $0.04. These revisions suggest improving expectations for Newell’s earnings trajectory. Zacks maintained a “Strong Buy” rating.
• Positive Sentiment: Zacks also lifted its Q2 2028 EPS forecast to $0.36 from $0.17. The longer-term upgrade may support investor confidence in the company’s turnaround, although it is less likely to affect immediate trading than the FY2026 revision.
• Positive Sentiment: Rubbermaid is expanding its Brilliance food-storage line with products made using Eastman’s Tritan Renew recycled-content material. The launch strengthens Newell’s sustainability positioning and broadens a key consumer brand, though no sales or profit contribution was disclosed. Rubbermaid Brilliance food storage portfolio expands with Tritan Renew
• Neutral Sentiment: Brokerages have a consensus “Hold” recommendation for NWL, indicating analysts see a balanced risk-reward profile despite Zacks’ “Strong Buy” rating. Newell Brands Given Consensus Recommendation of Hold
• Neutral Sentiment: Sharpie launched promotional content featuring rookie football player Jeremiyah Love. The campaign could support brand visibility, but it provides no specific financial guidance or measurable near-term earnings impact. Sharpie Jeremiyah Love campaign
• Negative Sentiment: Zacks reduced its Q1 2028 EPS forecast to a loss of $0.04 per share from expected earnings of $0.10. The downgrade highlights continued uncertainty in Newell’s longer-term profitability, partially offsetting the nearer-term estimate increases. Zacks Research Predicts Reduced Earnings for Newell Brands
• Neutral Sentiment: The reported short-interest data is unusable: it shows zero shares both before and after the period and calculates a zero-day short-interest ratio. Therefore, it does not provide a credible signal about short-covering or bearish positioning.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NWL shares. Royal Bank Of Canada boosted 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. Barclays lifted their target price on Newell Brands from $5.00 to $7.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 price target on shares of Newell Brands in a research report on Monday, August 3rd. Zacks Research raised Newell Brands from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on Newell Brands from $5.00 to $7.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Newell Brands currently has an average rating of "Hold" and a consensus price target of $6.66.

Insider Activity

In other news, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction that occurred 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 in the company, valued at $2,669,731.68. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.64% of the stock is owned by corporate insiders.

Newell Brands Trading Down 2.3%

NASDAQ:NWL opened at $5.93 on Wednesday. The business's 50-day moving average is $5.60 and its two-hundred day moving average is $4.61. The firm has a market capitalization of $2.53 billion, a PE ratio of -11.19, a price-to-earnings-growth ratio of 1.50 and a beta of 0.88. Newell Brands Inc. has a 12 month low of $3.07 and a 12 month high of $7.13. 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 posted its earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.22. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. 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. Research analysts predict that Newell Brands Inc. will post 0.76 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, August 31st. This represents a $0.28 annualized dividend and a yield of 4.7%. Newell Brands's dividend payout ratio (DPR) is -52.83%.

About Newell Brands

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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