Brandywine Global Investment Management LLC Makes New Investment 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 acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,516,697 shares of the company's stock, valued at approximately $9,404,000. Brandywine Global Investment Management LLC owned about 0.36% of Newell Brands at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in Newell Brands during the 4th quarter worth $33,000. Farther Finance Advisors LLC boosted its holdings in Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after acquiring an additional 4,169 shares during the last quarter. NBC Securities Inc. boosted its holdings in Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after acquiring an additional 10,258 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Newell Brands during the 1st quarter worth $69,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Newell Brands during the 4th quarter worth $127,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.71% of the company's stock.

Newell Brands Stock Down 4.8%

Shares of NASDAQ:NWL traded down $0.28 on Wednesday, hitting $5.57. 5,952,095 shares of the company traded hands, compared to its average volume of 9,110,508. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68. The stock has a 50 day simple moving average of $5.54 and a 200-day simple moving average of $5.84. The company has a market cap of $2.33 billion, a PE ratio of -9.44 and a beta of 0.96.

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 for the quarter, meeting the consensus estimate of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The firm 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 company earned $0.36 earnings per share. The company'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. As a group, research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, August 29th. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Analysts Set New Price Targets

A number of research firms have issued reports on NWL. Wells Fargo & Company lifted their price objective 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. UBS Group lifted their price objective on shares of 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 target 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a report on Monday, April 28th. Finally, Citigroup reissued a "neutral" rating and issued a $6.00 price target (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. 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.com, 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.