Nomura Holdings Inc. Reduces Holdings in Newell Brands Inc. $NWL

Key Points

• Nomura Holdings Inc. has drastically reduced its stock position in Newell Brands Inc. by 80.1%, selling 164,844 shares and now holding only 40,956 shares valued at approximately $254,000.
• Newell Brands reported $1.94 billion in revenue for the last quarter, missing analyst estimates by about $0.01 billion, and their earnings per share (EPS) was $0.24.
• The company has announced a quarterly dividend of $0.07 per share, translating to an annualized dividend yield of 4.4%, with an ex-dividend date set for August 29th.

Nomura Holdings Inc. cut its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 80.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,956 shares of the company's stock after selling 164,844 shares during the period. Nomura Holdings Inc.'s holdings in Newell Brands were worth $254,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vident Advisory LLC purchased a new position in Newell Brands during the first quarter valued at approximately $66,000. EVR Research LP grew its position in shares of Newell Brands by 27.3% during the 1st quarter. EVR Research LP now owns 1,400,000 shares of the company's stock valued at $8,680,000 after purchasing an additional 300,000 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Newell Brands by 414.2% in the first quarter. Ieq Capital LLC now owns 616,873 shares of the company's stock worth $3,825,000 after purchasing an additional 496,916 shares during the period. Jump Financial LLC bought a new position in shares of Newell Brands in the first quarter worth $1,907,000. Finally, Kaufman Rossin Wealth LLC purchased a new stake in shares of Newell Brands in the first quarter worth $144,000. 92.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NWL shares. UBS Group boosted their target price on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. cut their price objective 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 shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Citigroup reiterated a "neutral" rating and set a $6.00 target price (up from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their price target 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. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Newell Brands currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

Insider Activity at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction dated 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 directly owned 52,007 shares of the company's stock, valued at $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.71% of the company's stock.

Newell Brands Trading Up 0.3%

NASDAQ NWL traded up $0.02 during trading on Thursday, hitting $6.09. 4,516,186 shares of the company's stock traded hands, compared to its average volume of 7,542,622. The firm 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 12-month low of $4.22 and a 12-month high of $11.78. The stock has a fifty day moving average of $5.71 and a two-hundred day moving average of $5.66. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. The business 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 quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. 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, sell-side analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company 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. The ex-dividend date is Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.6%. Newell Brands's 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.