Newell Brands Inc. $NWL Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 1.14 million Newell Brands shares worth approximately $6.97 million in the second quarter, giving it a 0.27% stake. Institutional investors and hedge funds collectively own 92.5% of the company.
• Newell Brands beat quarterly earnings expectations, reporting $0.42 EPS versus the $0.20 consensus, while revenue rose 3% year over year to $1.99 billion. The company issued third-quarter EPS guidance of $0.18–$0.20 and full-year guidance of $0.73–$0.77.
• Analysts maintain a consensus “Hold” rating with a $6.66 target price, compared with the stock’s reported $5.43 price. Newell also pays a quarterly dividend of $0.07 per share, representing a 5.2% annualized yield.

Bank of America Corp DE purchased a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,135,557 shares of the company's stock, valued at approximately $6,972,000. Bank of America Corp DE owned about 0.27% of Newell Brands at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in Newell Brands by 510.3% in the fourth quarter. Intech Investment Management LLC now owns 483,491 shares of the company's stock worth $1,799,000 after purchasing an additional 404,269 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Newell Brands in the 1st quarter valued at about $638,000. Weiss Asset Management LP bought a new stake in shares of Newell Brands during the 1st quarter valued at about $1,261,000. Jupiter Topco LLC acquired a new stake in Newell Brands during the second quarter worth about $1,162,000. Finally, Pzena Investment Management LLC acquired a new stake in Newell Brands during the second quarter worth about $294,663,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Price Performance

NWL opened at $5.43 on Monday. The company has a market capitalization of $2.31 billion, a PE ratio of -10.25, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $7.13. The business has a 50-day moving average of $5.81 and a 200-day moving average of $4.82.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.22. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the prior year, the company posted $0.24 earnings per share. Newell Brands's revenue for the quarter was up 3.0% on a year-over-year basis. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. Equities research analysts forecast that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, August 31st. Newell Brands's dividend payout ratio is currently -52.83%.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford Turner sold 100,000 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the transaction, the insider owned 433,398 shares in the company, valued at $2,669,731.68. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.64% of the company's stock.

Analyst Ratings Changes

NWL has been the subject of several recent analyst reports. Zacks Research cut Newell Brands from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Morgan Stanley reaffirmed an "underweight" rating and issued a $5.75 price objective on shares of Newell Brands in a report on Thursday, August 6th. Royal Bank Of Canada raised their target price on shares of Newell Brands from $4.00 to $5.00 and gave the company a "sector perform" rating in a research note on Monday, August 3rd. UBS Group boosted their price target on shares of Newell Brands from $4.75 to $5.50 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $6.00 price target on shares of Newell Brands in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Newell Brands currently has a consensus rating of "Hold" and a consensus target price of $6.66.

About Newell Brands

Newell Brands Inc is a global consumer goods company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Elmer's, FoodSaver, Mr. Coffee, Oster and Calphalon.

The company's products span food and home storage, cleaning and organization, writing instruments and arts supplies, baby products, cookware and small kitchen appliances, home fragrance, and outdoor recreation equipment.

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