Newell Brands Inc. $NWL Shares Purchased by QSM Asset Management Ltd

Key Points

• QSM Asset Management Ltd increased its stake in Newell Brands by 36.5% during the 2nd quarter, now holding 1,472,105 shares worth approximately $7.93 million.
• Newell Brands reported a quarterly earnings of $0.24 EPS, matching analyst expectations, but experienced a 4.8% decline in revenue year over year.
• The company announced a quarterly dividend of $0.07, which provides a 5.1% dividend yield, while its dividend payout ratio stands at -47.46%.

QSM Asset Management Ltd boosted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 36.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,472,105 shares of the company's stock after purchasing an additional 393,655 shares during the quarter. Newell Brands comprises approximately 7.3% of QSM Asset Management Ltd's investment portfolio, making the stock its 5th largest position. QSM Asset Management Ltd owned about 0.35% of Newell Brands worth $7,927,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after purchasing an additional 4,169 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Newell Brands by 194.3% in the 2nd quarter. Parallel Advisors LLC now owns 8,067 shares of the company's stock worth $44,000 after acquiring an additional 5,326 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Newell Brands by 146,542.9% in 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 last quarter. Vident Advisory LLC acquired a new stake in shares of Newell Brands in the 1st quarter worth $66,000. Finally, OMNI 360 Wealth Inc. acquired a new stake in shares of Newell Brands in the 2nd quarter worth $58,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Trading Down 0.7%

NWL opened at $5.49 on Tuesday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -9.31 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 business's 50 day moving average is $5.70 and its two-hundred day moving average is $5.60. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company 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%.The firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, August 29th. Newell Brands's dividend payout ratio (DPR) is -47.46%.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands 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 transaction, the chief executive officer directly owned 52,007 shares in the company, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.71% of the company's stock.

Analyst Ratings Changes

NWL has been the subject of a number of research analyst reports. Citigroup increased their price target on Newell Brands from $5.50 to $6.00 and gave the stock a "neutral" rating in a report on Tuesday, September 16th. UBS Group increased their price target on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price target on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Canaccord Genuity Group lowered their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a report on Monday, August 4th. Finally, Wells Fargo & Company raised their target price on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

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