Newell Brands Inc. $NWL Shares Purchased by Invesco Ltd.

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. boosted its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 20.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,427,482 shares of the company's stock after acquiring an additional 410,906 shares during the quarter. Invesco Ltd. owned about 0.58% of Newell Brands worth $15,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWL. Castlekeep Investment Advisors LLC acquired a new stake in Newell Brands during the 4th quarter worth about $33,000. Farther Finance Advisors LLC lifted its position in Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after acquiring an additional 4,169 shares during the period. NBC Securities Inc. lifted its position in Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after acquiring an additional 10,258 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Newell Brands during the 1st quarter worth about $69,000. Finally, MQS Management LLC acquired a new stake in Newell Brands during the 1st quarter worth about $89,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analyst Weigh In

NWL has been the subject of a number of research reports. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. JPMorgan Chase & Co. reduced 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. Citigroup reiterated a "neutral" rating and set a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Barclays lifted their price objective on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group reduced their price objective on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the business'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 transaction of $44,968.00. Following the completion of the sale, the chief executive officer directly owned 52,007 shares in the company, valued at approximately $265,755.77. The trade was a 14.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Newell Brands Stock Performance

Shares of NASDAQ NWL traded down $0.03 during trading on Thursday, reaching $5.92. 6,313,483 shares of the company traded hands, compared to its average volume of 8,849,854. The firm's fifty day simple moving average is $5.57 and its 200 day simple moving average is $5.71. The stock has a market cap of $2.48 billion, a P/E ratio of -10.03 and a beta of 0.96. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. 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 announced its quarterly 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 positive return on equity of 8.48% and a negative net margin of 3.29%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business earned $0.36 EPS. 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. As a group, research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, August 29th. 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.