King Luther Capital Management Corp Has $7.15 Million Holdings in Newell Brands Inc. $NWL

Key Points

• King Luther Capital Management cut its Newell Brands stake by 14.8% in the fourth quarter, but still held 1.92 million shares worth about $7.15 million. Institutional investors collectively own 92.5% of the company.
• Recent insider selling was notable: Bradford R. Turner sold 100,000 shares and Melanie Arlene Huet sold 91,000 shares, both at prices between $3.60 and $4.50. Insiders now own about 1.64% of Newell Brands.
• Analysts are cautious on NWL, with a consensus rating of Hold and an average target price of $4.94. The stock traded around $3.66, and the company recently reported a smaller-than-expected loss along with a 7.7% dividend yield.

King Luther Capital Management Corp decreased its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,922,627 shares of the company's stock after selling 333,617 shares during the quarter. King Luther Capital Management Corp owned about 0.46% of Newell Brands worth $7,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NWL. Vise Technologies Inc. acquired a new stake in Newell Brands during the 3rd quarter worth $54,000. HighPoint Advisor Group LLC acquired a new stake in Newell Brands during the 4th quarter worth approximately $39,000. CreativeOne Wealth LLC acquired a new stake in Newell Brands during the 3rd quarter worth approximately $54,000. Citizens Financial Group Inc. RI acquired a new stake in Newell Brands during the 4th quarter worth approximately $39,000. Finally, one8zero8 LLC acquired a new stake in Newell Brands during the 3rd quarter worth approximately $57,000. Institutional investors own 92.50% of the company's stock.

Insiders Place Their Bets

In related news, insider Bradford R. Turner sold 100,000 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.60, for a total transaction of $360,000.00. Following the sale, the insider owned 464,449 shares of the company's stock, valued at $1,672,016.40. This trade represents a 17.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Melanie Arlene Huet sold 91,000 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the sale, the insider directly owned 867 shares in the company, valued at approximately $3,901.50. This trade represents a 99.06% decrease in their position. The SEC filing for this sale provides additional information. 1.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

NWL has been the topic of several research reports. Citigroup boosted their target price on Newell Brands from $4.00 to $4.75 and gave the company a "neutral" rating in a research note on Monday, May 4th. UBS Group boosted their target price on Newell Brands from $3.75 to $4.25 and gave the company a "neutral" rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut their target price on Newell Brands from $5.00 to $3.00 and set a "hold" rating on the stock in a research note on Monday, March 30th. Barclays cut their target price on Newell Brands from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 14th. Finally, Morgan Stanley cut Newell Brands from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $4.00 to $3.50 in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.94.

Newell Brands Trading Up 1.7%

Shares of NASDAQ:NWL opened at $3.66 on Thursday. Newell Brands Inc. has a 12-month low of $3.07 and a 12-month high of $6.64. The stock has a market cap of $1.56 billion, a PE ratio of -5.46, a P/E/G ratio of 4.42 and a beta of 1.06. The business has a 50 day moving average of $3.85 and a 200-day moving average of $3.96. The company has a quick ratio of 0.51, a current ratio of 1.04 and a debt-to-equity ratio of 1.94.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned ($0.01) earnings per share. The company's revenue was down 1.1% on a year-over-year basis. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. As a group, equities research analysts forecast that Newell Brands Inc. will post 0.57 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.7%. Newell Brands's payout ratio is -41.79%.

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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