Hsbc Holdings PLC Takes Position in Newell Brands Inc. $NWL

Hsbc Holdings PLC bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 240,392 shares of the company's stock, valued at approximately $1,447,000. Hsbc Holdings PLC owned 0.06% of Newell Brands at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Primecap Management Co. CA acquired a new stake in Newell Brands during the 2nd quarter valued at $36,003,000. PDT Partners LLC acquired a new position in shares of Newell Brands in the second quarter valued at $2,536,000. Legal & General Group Plc acquired a new position in shares of Newell Brands in the second quarter valued at $6,933,000. The Manufacturers Life Insurance Company bought a new position in shares of Newell Brands in the second quarter valued at about $1,295,000. Finally, Van Hulzen Asset Management LLC bought a new position in shares of Newell Brands in the second quarter valued at about $261,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Trading Up 1.3%

Shares of NASDAQ:NWL opened at $6.25 on Tuesday. The business's 50 day simple moving average is $5.69 and its 200 day simple moving average is $4.65. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $7.13. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. The company has a market capitalization of $2.66 billion, a P/E ratio of -11.79, a P/E/G ratio of 1.52 and a beta of 0.88.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.22. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. On average, research analysts anticipate that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands's payout ratio is -52.83%.

Insiders Place Their Bets

In related news, insider Bradford R. Turner sold 100,000 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the sale, the insider owned 433,398 shares of the company's stock, valued at $2,669,731.68. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NWL shares. Weiss Ratings upgraded shares of Newell Brands from a "sell (d-)" rating to a "sell (d)" rating in a research note on Wednesday, August 26th. Wall Street Zen upgraded shares of Newell Brands from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Canaccord Genuity Group increased their price target on shares of Newell Brands from $9.00 to $11.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Zacks Research upgraded shares of Newell Brands from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 price objective on shares of Newell Brands in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Newell Brands has a consensus rating of "Hold" and a consensus price target of $6.66.

Newell Brands Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company's business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.

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