Goldman Sachs Group Inc. Buys 181,113 Shares of Newell Brands Inc. $NWL

Key Points

• Goldman Sachs significantly increased its stake in Newell Brands by 47.3%, acquiring an additional 181,113 shares to raise its total holdings to approximately 0.14% of the company, valued at $3.5 million.
• Other institutional investors, including AQR Capital Management and Massachusetts Financial Services, also ramped up their positions, with AQR increasing its holdings by 401.2% to over 10.5 million shares.
• Newell Brands recently declared a quarterly dividend of $0.07 per share, indicating a yield of 4.8%, despite a negative net margin of 3.29% and a drop in annual revenue.

Goldman Sachs Group Inc. lifted its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 47.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 563,984 shares of the company's stock after buying an additional 181,113 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.14% of Newell Brands worth $3,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Newell Brands by 401.2% in the first quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company's stock worth $65,382,000 after acquiring an additional 8,475,385 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Newell Brands by 25.8% in the first 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Newell Brands by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company's stock worth $126,646,000 after acquiring an additional 2,336,840 shares in the last quarter. Financial Sense Advisors Inc. acquired a new stake in Newell Brands in the first quarter valued at $10,187,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Newell Brands in the first quarter valued at $9,404,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on NWL. Wells Fargo & Company raised their target price on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Canaccord Genuity Group dropped their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Citigroup raised their price objective on Newell Brands from $5.50 to $6.00 and gave the company a "neutral" rating in a research note on Tuesday. UBS Group raised their price objective on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.44.

Newell Brands Price Performance

Shares of NWL traded down $0.27 during midday trading on Friday, reaching $5.53. The stock had a trading volume of 9,561,241 shares, compared to its average volume of 6,723,687. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. The firm's 50 day moving average price is $5.70 and its 200-day moving average price is $5.63. The company has a market capitalization of $2.32 billion, a P/E ratio of -9.37 and a beta of 0.99.

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 analysts' consensus estimates of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. Newell Brands's revenue for the quarter was down 4.8% compared to the same quarter last year. 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, analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

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

Insider Buying and Selling

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the transaction, the chief executive officer directly owned 52,007 shares of the company's stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by company insiders.

About Newell Brands

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.