Northern Trust Corp Sells 113,895 Shares of Newell Brands Inc. $NWL

Key Points

• Northern Trust Corp has reduced its stake in Newell Brands Inc. by 3.8%, holding approximately 2.86 million shares worth $17.72 million.
• The company reported $0.24 earnings per share for the last quarter, matching analysts' expectations, while revenue dropped 4.8% year-over-year to $1.94 billion.
• Newell Brands recently announced a quarterly dividend of $0.07 per share, representing a 4.8% dividend yield for shareholders.

Northern Trust Corp reduced its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,858,436 shares of the company's stock after selling 113,895 shares during the quarter. Northern Trust Corp owned approximately 0.68% of Newell Brands worth $17,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWL. Hsbc Holdings PLC lifted its holdings in shares of Newell Brands by 53.4% during the fourth quarter. Hsbc Holdings PLC now owns 40,219 shares of the company's stock worth $402,000 after buying an additional 13,998 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Newell Brands by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 264,907 shares of the company's stock worth $2,639,000 after buying an additional 24,466 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Newell Brands by 6.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 81,841 shares of the company's stock worth $815,000 after buying an additional 4,619 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Newell Brands by 227.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 160,147 shares of the company's stock worth $1,595,000 after buying an additional 111,247 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Newell Brands by 1.7% during the fourth quarter. Comerica Bank now owns 195,865 shares of the company's stock worth $1,951,000 after buying an additional 3,250 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group upped 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. Canaccord Genuity Group cut their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their target price on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Wells Fargo & Company upped their target price on Newell Brands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Citigroup restated a "neutral" rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.44.

Insider Activity at Newell Brands

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company's stock.

Newell Brands Price Performance

Shares of NWL stock traded up $0.08 during trading hours on Friday, hitting $6.39. 9,535,904 shares of the company's stock were exchanged, compared to its average volume of 7,268,409. The stock's 50-day moving average is $5.67 and its 200-day moving average is $5.67. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -10.83 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.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its 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 analysts' expectations of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, August 29th. Newell Brands's dividend payout ratio is presently -47.46%.

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.