Invesco Ltd. Buys 410,906 Shares of Newell Brands Inc. $NWL

Key Points

• Invesco Ltd. increased its stake in Newell Brands Inc. by 20.4% during the first quarter to a total of 2,427,482 shares, valued at approximately $15 million.
• Newell Brands reported $1.94 billion in revenue for the last quarter, a 4.8% decline year-over-year, and met the consensus earnings estimate of $0.24 per share.
• The company declared a quarterly dividend of $0.07 per share, set to be paid on September 15th, resulting in an annualized yield of 4.9%.

Invesco Ltd. grew its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 20.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,427,482 shares of the company's stock after buying an additional 410,906 shares during the quarter. Invesco Ltd. owned 0.58% of Newell Brands worth $15,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock valued at $129,249,000 after purchasing an additional 4,273,541 shares during the last quarter. Financial Sense Advisors Inc. purchased a new position in Newell Brands during the first quarter worth about $10,187,000. Deprince Race & Zollo Inc. increased its stake in Newell Brands by 12.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock valued at $127,091,000 after buying an additional 1,363,913 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Newell Brands by 202.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,597,435 shares of the company's stock worth $9,904,000 after buying an additional 1,069,337 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Newell Brands by 96.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,153,611 shares of the company's stock worth $21,450,000 after buying an additional 1,057,046 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction on 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 of the company's stock, valued at $265,755.77. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on NWL shares. Citigroup reiterated a "neutral" rating and set a $6.00 price target (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. UBS Group raised their target price on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Wells Fargo & Company raised their price target on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Canaccord Genuity Group decreased their price objective on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $7.44.

Newell Brands Price Performance

NWL traded up $0.18 during trading on Wednesday, reaching $5.96. The stock had a trading volume of 4,126,922 shares, compared to its average volume of 9,006,549. The business has a 50-day moving average of $5.55 and a 200-day moving average of $5.72. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The stock has a market cap of $2.50 billion, a PE ratio of -10.11 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.24. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $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. As a group, equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued 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 payout ratio is currently -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.