Dimensional Fund Advisors LP Grows Stock Position in Newell Brands Inc. $NWL

Key Points

• Dimensional Fund Advisors LP increased its stake in Newell Brands by 12.9%, now owning approximately $126.65 million worth of shares, after purchasing an additional 2.3 million shares in the first quarter.
• Newell Brands plans to pay a quarterly dividend of $0.07 on September 15th, which represents an annualized yield of 5.1% and a dividend payout ratio of -47.46%.
• The stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $7.44, reflecting mixed sentiments as some firms have adjusted their price targets downward.

Dimensional Fund Advisors LP increased its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 12.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,426,137 shares of the company's stock after acquiring an additional 2,336,840 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.89% of Newell Brands worth $126,646,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NWL. Townsquare Capital LLC acquired a new position in shares of Newell Brands in the 4th quarter valued at $161,000. Forum Financial Management LP acquired a new position in shares of Newell Brands in the 4th quarter valued at $160,000. First Trust Advisors LP acquired a new position in shares of Newell Brands in the 4th quarter valued at $3,621,000. Tower Research Capital LLC TRC increased its holdings in shares of Newell Brands by 85.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 22,319 shares of the company's stock valued at $222,000 after acquiring an additional 10,280 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of Newell Brands by 53.4% in the 4th quarter. Hsbc Holdings PLC now owns 40,219 shares of the company's stock valued at $402,000 after acquiring an additional 13,998 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on NWL. Citigroup reaffirmed a "neutral" rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Barclays lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. UBS Group lifted their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Insider Activity at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the sale, the chief executive officer directly owned 52,007 shares in the company, valued at approximately $265,755.77. The trade was a 14.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company's stock.

Newell Brands Price Performance

Shares of NASDAQ NWL traded up $0.17 during trading on Wednesday, hitting $5.95. 7,434,505 shares of the company were exchanged, compared to its average volume of 8,901,598. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -10.08 and a beta of 0.96. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The firm's fifty day moving average price is $5.56 and its 200 day moving average price is $5.72. 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 earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $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 expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, August 29th. 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.