Newell Brands Inc. $NWL Stake Raised by Ieq Capital LLC

Key Points

• Ieq Capital LLC significantly increased its stake in Newell Brands by 414.2% in the first quarter, now owning approximately $3.83 million worth of shares.
• The company recently announced a quarterly dividend of $0.07 per share, representing a yield of 4.7%.
• Newell Brands reported $1.94 billion in revenue for the last quarter, slightly below estimates, with a negative net margin of 3.29%.

Ieq Capital LLC raised its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 414.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 616,873 shares of the company's stock after buying an additional 496,916 shares during the period. Ieq Capital LLC owned about 0.15% of Newell Brands worth $3,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Newell Brands during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC raised its position in Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after purchasing an additional 4,169 shares during the period. NBC Securities Inc. grew its stake in shares of Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after acquiring an additional 10,258 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Newell Brands in the first quarter worth $69,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Newell Brands in the fourth quarter worth $127,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NWL shares. Citigroup reiterated a "neutral" rating and set a $6.00 target price (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Wells Fargo & Company upped their target price on shares of 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 decreased their target price on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced 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, UBS Group raised their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Newell Brands Trading Up 0.3%

Shares of NASDAQ NWL traded up $0.02 during trading on Thursday, hitting $6.31. 11,913,064 shares of the company traded hands, compared to its average volume of 7,022,319. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The company has a 50-day moving average price of $5.65 and a 200-day moving average price of $5.68. The firm has a market capitalization of $2.64 billion, a P/E ratio of -10.69 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.24 earnings per share 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The business'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. On average, equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 4.4%. Newell Brands's payout ratio is presently -47.46%.

Insider Buying and Selling 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 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 owned 52,007 shares of the company's stock, valued at $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.71% of the company's stock.

Newell Brands 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.