Newell Brands Inc. $NWL Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Newell Brands Inc. by 46.6%, owning 276,379 shares worth approximately $1.71 million at the end of the first quarter.
• Newell Brands has faced a decline in quarterly revenue of 4.8% compared to last year, reporting $1.94 billion in revenue, which was below analysts' expectations.
• The company announced a quarterly dividend of $0.07 per share, translating to a 5.1% yield, set to be paid on September 15th.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 46.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,379 shares of the company's stock after selling 241,199 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Newell Brands worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWL. Castlekeep Investment Advisors LLC purchased a new stake in Newell Brands in the 4th quarter valued at about $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after purchasing an additional 4,169 shares during the last quarter. NBC Securities Inc. grew its stake in shares of Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock valued at $63,000 after buying an additional 10,258 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Newell Brands during the 1st quarter worth $69,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Newell Brands during the 4th quarter worth $127,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Insider Buying and Selling

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $265,755.77. The trade was a 14.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial cut their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup reaffirmed a "neutral" rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Canaccord Genuity Group decreased their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a report on Monday, August 4th. Wells Fargo & Company boosted their target price on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Barclays boosted their target price on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

Newell Brands Trading Down 1.4%

Shares of NASDAQ:NWL traded down $0.08 during trading on Thursday, reaching $5.49. 4,521,896 shares of the stock were exchanged, compared to its average volume of 8,837,445. The firm's 50-day moving average price is $5.54 and its 200 day moving average price is $5.81. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -9.31 and a beta of 0.96. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.Newell Brands's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company 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. On average, sell-side analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a yield of 5.1%. Newell Brands's payout ratio is -47.46%.

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.