Nuveen LLC Invests $8.55 Million in Newell Brands Inc. $NWL

Key Points

• Nuveen LLC has acquired a new position in Newell Brands Inc., purchasing approximately 1.38 million shares valued at about $8.5 million in the first quarter.
• Newell Brands has declared a quarterly dividend of $0.07 per share, translating to an annualized dividend of $0.28 and a yield of 4.9%.
• An upgrade from sell to hold by an equity research firm comes amid a consensus rating of "Moderate Buy" for the stock, with an average price target of $7.44.

Nuveen LLC acquired a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,378,203 shares of the company's stock, valued at approximately $8,545,000. Nuveen LLC owned 0.33% of Newell Brands at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new position in shares of Newell Brands in the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after acquiring an additional 4,169 shares in the last quarter. NBC Securities Inc. boosted its holdings 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 in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Newell Brands in the 1st quarter worth approximately $69,000. Finally, MQS Management LLC acquired a new position in shares of Newell Brands in the 1st quarter worth approximately $89,000. 92.50% of the stock is currently owned by institutional investors.

Insider Transactions at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

NWL has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Citigroup reissued 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. Wells Fargo & Company boosted their target price on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. UBS Group boosted their price objective on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Barclays boosted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Four 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 presently has an average rating of "Moderate Buy" and a consensus price target of $7.44.

Newell Brands Trading Up 1.2%

Shares of NWL traded up $0.07 during trading hours on Friday, reaching $5.92. The stock had a trading volume of 6,130,651 shares, compared to its average volume of 8,636,757. 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 Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The firm has a 50-day moving average of $5.58 and a 200 day moving average of $5.70. The company has a market cap of $2.48 billion, a P/E ratio of -10.03 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the prior year, the company earned $0.36 EPS. The firm's quarterly revenue was down 4.8% on a year-over-year basis. 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, sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, August 29th. Newell Brands's dividend payout ratio is -47.46%.

About Newell Brands

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.