Dimensional Fund Advisors LP Has $126.65 Million Stock Holdings 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 lifted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,426,137 shares of the company's stock after purchasing an additional 2,336,840 shares during the quarter. Dimensional Fund Advisors LP owned 4.89% of Newell Brands worth $126,646,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after acquiring an additional 4,273,541 shares during the last quarter. Primecap Management Co. CA boosted its stake in Newell Brands by 2.5% in the first quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock worth $89,888,000 after purchasing an additional 351,610 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Newell Brands by 12.0% during 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Newell Brands by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,090,178 shares of the company's stock worth $25,359,000 after purchasing an additional 98,102 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Newell Brands by 12.8% in the first quarter. Russell Investments Group Ltd. now owns 3,709,248 shares of the company's stock valued at $22,999,000 after buying an additional 420,638 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NWL. 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 upped their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company increased 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 note on Wednesday, July 9th. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a report on Monday, April 28th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.44.

Newell Brands Trading Up 0.9%

Shares of NWL traded up $0.05 on Monday, reaching $5.82. 5,458,533 shares of the company's stock were exchanged, compared to its average volume of 9,037,916. The business has a 50 day moving average price of $5.55 and a two-hundred day moving average price of $5.73. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. The stock has a market capitalization of $2.44 billion, a P/E ratio of -9.86 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current 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 paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a yield of 4.8%. Newell Brands's dividend payout ratio is presently -47.46%.

Insider Transactions at Newell Brands

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 transaction of $44,968.00. Following the transaction, the chief executive officer owned 52,007 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company's stock.

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.