M&T Bank Corp Has $1.26 Million Holdings in Newell Brands Inc. $NWL

Key Points

• M&T Bank Corp raised its stake in Newell Brands by 2,437.3% in Q4, buying 324,728 shares to hold 338,051 shares worth about $1.26 million (≈0.08% of the company).
• Analyst sentiment is mixed: the consensus rating is "Hold" with an average target of $4.92 after multiple price cuts from major banks, though Canaccord raised its target to $9 and kept a "Buy".
• Newell reported Q4 EPS of $0.18 (in line) and revenue of $1.90 billion (down 2.7% YoY), guided Q1 to -$0.12–-0.08 EPS, and pays a quarterly dividend that implies a 7.1% yield.

M&T Bank Corp raised its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 2,437.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 338,051 shares of the company's stock after purchasing an additional 324,728 shares during the quarter. M&T Bank Corp owned approximately 0.08% of Newell Brands worth $1,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NWL. California State Teachers Retirement System boosted its holdings in shares of Newell Brands by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 384,848 shares of the company's stock worth $2,078,000 after buying an additional 2,108 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Newell Brands by 19.6% in the 2nd quarter. Osaic Holdings Inc. now owns 14,104 shares of the company's stock worth $76,000 after purchasing an additional 2,308 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Newell Brands by 1.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 213,173 shares of the company's stock worth $1,117,000 after purchasing an additional 3,501 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Newell Brands by 15.8% in the 4th quarter. PFG Investments LLC now owns 26,596 shares of the company's stock worth $99,000 after purchasing an additional 3,634 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Newell Brands by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 239,236 shares of the company's stock worth $889,000 after purchasing an additional 3,667 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NWL shares. Barclays cut their target price on Newell Brands from $6.00 to $5.00 and set an "overweight" rating on the stock in a report on Tuesday, April 14th. Citigroup cut their target price on Newell Brands from $5.00 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, April 15th. 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 report on Monday, March 30th. UBS Group cut their target price on Newell Brands from $5.00 to $3.75 and set a "neutral" rating on the stock in a report on Tuesday, April 7th. Finally, Canaccord Genuity Group increased their target price on Newell Brands from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.92.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $3.94 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 1.90. The stock's fifty day simple moving average is $4.02 and its two-hundred day simple moving average is $4.03. Newell Brands Inc. has a 1-year low of $3.07 and a 1-year high of $6.64. The stock has a market cap of $1.67 billion, a PE ratio of -5.79 and a beta of 0.97.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Newell Brands had a positive return on equity of 9.17% and a negative net margin of 3.96%.The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the business earned $0.16 EPS. The business's revenue was down 2.7% on a year-over-year basis. Newell Brands has set its Q1 2026 guidance at -0.120--0.080 EPS. As a group, analysts forecast that Newell Brands Inc. will post 0.56 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.28 annualized dividend and a dividend yield of 7.1%. Newell Brands's dividend payout ratio (DPR) is currently -41.18%.

Newell Brands Company 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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