Nuveen LLC Makes New Investment 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 bought a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,378,203 shares of the company's stock, valued at approximately $8,545,000. Nuveen LLC owned about 0.33% of Newell Brands at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NWL. First Trust Advisors LP acquired a new stake in Newell Brands during the fourth quarter valued at approximately $3,621,000. Tower Research Capital LLC TRC lifted its stake in Newell Brands by 85.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,319 shares of the company's stock valued at $222,000 after purchasing an additional 10,280 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Newell Brands by 53.4% during the fourth quarter. Hsbc Holdings PLC now owns 40,219 shares of the company's stock valued at $402,000 after purchasing an additional 13,998 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $2,639,000 after purchasing an additional 24,466 shares during the last quarter. Finally, Syon Capital LLC acquired a new stake in Newell Brands during the fourth quarter valued at approximately $246,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the sale, the chief executive officer owned 52,007 shares in the company, valued at $265,755.77. This represents a 14.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by insiders.

Newell Brands Trading Up 2.9%

Shares of NASDAQ:NWL traded up $0.17 during mid-day trading on Wednesday, hitting $5.95. The stock had a trading volume of 7,434,505 shares, compared to its average volume of 9,027,416. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The company has a market cap of $2.49 billion, a PE ratio of -10.08 and a beta of 0.96. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The company's 50 day moving average is $5.55 and its 200-day moving average is $5.72.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The company's revenue was down 4.8% compared to the same quarter last year. 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 predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced 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 yield of 4.7%. Newell Brands's dividend payout ratio is presently -47.46%.

Wall Street Analyst Weigh In

Several research firms recently commented on NWL. Citigroup reissued a "neutral" rating and set a $6.00 target price (up from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Barclays boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Finally, UBS Group upped their price target on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.