Raymond James Financial Inc. Lowers Position in Newell Brands Inc. $NWL

Key Points

• Raymond James Financial Inc. reduced its stake in Newell Brands Inc. by 27% in the first quarter, now holding 723,881 shares valued at approximately $4.49 million.
• Newell Brands announced a quarterly dividend of $0.07 per share, yielding 4.4%, with an ex-dividend date of August 29th.
• Newell Brands reported earnings per share of $0.24 for the last quarter, indicative of no change from consensus estimates, though revenue declined by 4.8% year-over-year.

Raymond James Financial Inc. reduced its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 27.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 723,881 shares of the company's stock after selling 267,746 shares during the quarter. Raymond James Financial Inc. owned approximately 0.17% of Newell Brands worth $4,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Comerica Bank raised its holdings in shares of Newell Brands by 1.7% in the fourth quarter. Comerica Bank now owns 195,865 shares of the company's stock valued at $1,951,000 after acquiring an additional 3,250 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Newell Brands in the fourth quarter worth about $33,000. EP Wealth Advisors LLC raised its holdings in Newell Brands by 11.7% in the fourth quarter. EP Wealth Advisors LLC now owns 31,737 shares of the company's stock worth $316,000 after purchasing an additional 3,316 shares in the last quarter. Register Financial Advisors LLC raised its holdings in Newell Brands by 27.2% in the first quarter. Register Financial Advisors LLC now owns 18,722 shares of the company's stock worth $116,000 after purchasing an additional 4,005 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after purchasing an additional 4,169 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Performance

NASDAQ NWL traded up $0.02 during trading hours on Thursday, reaching $6.09. The stock had a trading volume of 4,516,186 shares, compared to its average volume of 7,542,622. The stock has a fifty day moving average of $5.71 and a 200 day moving average of $5.66. The stock has a market cap of $2.55 billion, a P/E ratio of -10.32 and a beta of 0.99. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week 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.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.Newell Brands's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Sell-side analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, August 29th. Newell Brands's dividend payout ratio is currently -47.46%.

Insider Buying and Selling

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the company'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 value of $44,968.00. Following the sale, the chief executive officer owned 52,007 shares in the company, valued at approximately $265,755.77. This represents a 14.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Canaccord Genuity Group reduced their target price on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a report on Monday, August 4th. Wells Fargo & Company boosted their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. reduced their target price on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Citigroup reiterated a "neutral" rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Finally, UBS Group boosted their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Four equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

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.