Goldman Sachs Group Inc. Boosts Stock Position in 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% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 563,984 shares of the company's stock after purchasing an additional 181,113 shares during the quarter. Goldman Sachs Group Inc. owned 0.14% of Newell Brands worth $3,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Newell Brands in the fourth quarter valued at $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 worth $38,000 after buying an additional 4,169 shares during the last quarter. NBC Securities Inc. grew its position 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 acquiring an additional 10,258 shares during the period. Vident Advisory LLC purchased a new stake in Newell Brands in the first quarter worth $66,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in Newell Brands in the 1st quarter worth about $69,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NWL has been the topic of several research analyst reports. UBS Group upped their price target on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Canaccord Genuity Group dropped their price objective on shares of 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 increased their target price on 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 target price on 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, Citigroup boosted their price objective on Newell Brands from $5.50 to $6.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. 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.com, Newell Brands has an average rating of "Moderate Buy" and a consensus target price of $7.44.

Insider Buying and Selling at Newell Brands

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the company'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 value of $44,968.00. Following the completion of the sale, the chief executive officer directly owned 52,007 shares in the company, valued at $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.71% of the company's stock.

Newell Brands Stock Down 0.7%

Shares of NWL stock traded down $0.04 during trading hours on Monday, reaching $5.49. 6,507,110 shares of the company's stock were exchanged, compared to its average volume of 6,918,029. The stock's 50 day moving average is $5.70 and its 200-day moving average is $5.60. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -9.31 and a beta of 0.99. 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 posted its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.24. The company had revenue of $1.94 billion during 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%. Newell Brands's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm 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. Analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

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

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.