EVR Research LP Has $8.68 Million Stake in Newell Brands Inc. $NWL

Key Points

• EVR Research LP increased its stake in Newell Brands Inc. by 27.3% in Q1, owning 1.4 million shares valued at approximately $8.68 million, which makes it the firm's 12th largest holding.
• Newell Brands reported $0.24 EPS for the latest quarter, meeting analyst expectations, although revenues saw a 4.8% decline year-over-year.
• The company announced a quarterly dividend of $0.07 payable on September 15th, resulting in an annualized yield of 4.8%.

EVR Research LP boosted its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 27.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,400,000 shares of the company's stock after buying an additional 300,000 shares during the period. Newell Brands makes up approximately 2.5% of EVR Research LP's holdings, making the stock its 12th biggest holding. EVR Research LP owned 0.34% of Newell Brands worth $8,680,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NWL. First Trust Advisors LP acquired a new stake in Newell Brands during the 4th quarter worth approximately $3,621,000. Tower Research Capital LLC TRC raised its holdings in shares of Newell Brands by 85.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,319 shares of the company's stock valued at $222,000 after purchasing an additional 10,280 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Newell Brands by 53.4% in the fourth quarter. Hsbc Holdings PLC now owns 40,219 shares of the company's stock valued at $402,000 after purchasing an additional 13,998 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Newell Brands by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 264,907 shares of the company's stock valued at $2,639,000 after purchasing an additional 24,466 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Newell Brands by 208.7% in the fourth quarter. Voya Investment Management LLC now owns 166,618 shares of the company's stock valued at $1,660,000 after purchasing an additional 112,649 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Performance

Shares of NASDAQ:NWL traded up $0.07 on Friday, hitting $5.92. The company had a trading volume of 6,130,651 shares, compared to its average volume of 8,636,757. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -10.03 and a beta of 0.96. The stock has a 50 day moving average price of $5.58 and a 200 day moving average price of $5.69. 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 released its quarterly earnings data on Friday, August 1st. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company earned $0.36 earnings per share. The company's quarterly 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 expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.07 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 4.7%. Newell Brands's dividend payout ratio is -47.46%.

Insider Activity at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were 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 in the company, valued at approximately $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NWL shares. Citigroup reiterated a "neutral" rating and issued a $6.00 price objective (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. 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 report on Thursday, July 17th. 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 report on Monday, August 4th. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Finally, Canaccord Genuity Group lowered their target price on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

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.