Brandywine Global Investment Management LLC Purchases New Shares in Newell Brands Inc. $NWL

Key Points

• Brandywine Global Investment Management LLC has acquired a new position in Newell Brands, purchasing 1,516,697 shares valued at approximately $9.4 million, making up 0.36% of the company.
• Analysts have mixed sentiments on Newell Brands, with recent ratings showing a price target increase from Wells Fargo to $6.00, while JPMorgan lowered it to $7.00, reflecting varied perceptions of the stock's performance.
• Newell Brands announced a quarterly dividend of $0.07 per share, yielding 5.1%, set to be paid to shareholders on September 15th.

Brandywine Global Investment Management LLC purchased a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,516,697 shares of the company's stock, valued at approximately $9,404,000. Brandywine Global Investment Management LLC owned 0.36% of Newell Brands at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NWL. Massachusetts Financial Services Co. MA boosted its stake in Newell Brands by 25.8% during the first 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Newell Brands by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after acquiring an additional 3,188,718 shares during the period. Financial Sense Advisors Inc. acquired a new stake in shares of Newell Brands during the 1st quarter valued at about $10,187,000. Nuveen LLC bought a new stake in Newell Brands in the first quarter valued at about $8,545,000. Finally, Deprince Race & Zollo Inc. raised its position in Newell Brands by 12.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock worth $127,091,000 after purchasing an additional 1,363,913 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NWL. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Wells Fargo & Company boosted 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. UBS Group boosted their price objective on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their price objective 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. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 target price on shares of Newell Brands in a research report on Monday, April 28th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Insider Buying and Selling at Newell Brands

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.

Newell Brands Stock Up 5.2%

Shares of NWL stock traded up $0.2850 on Friday, reaching $5.7750. 2,114,843 shares of the company were exchanged, compared to its average volume of 9,037,385. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -9.79 and a beta of 0.96. The company has a 50-day moving average of $5.54 and a 200-day moving average of $5.81. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued 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 positive return on equity of 8.48% and a negative net margin of 3.29%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.36 earnings per share. Newell Brands's 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. Analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given 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 is Friday, August 29th. Newell Brands's dividend payout ratio (DPR) is -47.46%.

About Newell Brands

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.