Public Sector Pension Investment Board Grows Stake in Newell Brands Inc. $NWL

Key Points

• Public Sector Pension Investment Board increased its stake in Newell Brands Inc. by 27.3%, acquiring an additional 282,761 shares to hold a total of 1,319,253 shares valued at approximately $8.18 million.
• Newell Brands reported a quarterly earnings per share (EPS) of $0.24, matching analysts' expectations, while its revenue was slightly below forecast at $1.94 billion.
• The company declared a quarterly dividend of $0.07 per share, with an annualized yield of 5.1%, to be paid on September 15th.

Public Sector Pension Investment Board increased its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 27.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,319,253 shares of the company's stock after purchasing an additional 282,761 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Newell Brands worth $8,179,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in Newell Brands in the fourth quarter valued at $33,000. Farther Finance Advisors LLC increased its position in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after purchasing an additional 4,169 shares in the last quarter. NBC Securities Inc. lifted its holdings in Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock valued at $63,000 after purchasing an additional 10,258 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Newell Brands during the first quarter worth approximately $69,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Newell Brands in the fourth quarter valued at approximately $127,000. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Price Performance

Shares of NWL stock traded down $0.0390 during trading hours on Tuesday, reaching $5.8310. The company's stock had a trading volume of 1,328,483 shares, compared to its average volume of 9,093,501. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm's 50 day simple moving average is $5.53 and its 200-day simple moving average is $5.84. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of -9.86 and a beta of 0.96.

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, meeting analysts' consensus estimates of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business's revenue for the quarter 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. Sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, August 29th. Newell Brands's dividend payout ratio (DPR) is presently -47.46%.

Insider Buying and Selling

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction 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 directly owned 52,007 shares of the company's stock, valued at approximately $265,755.77. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company's stock.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of research analyst reports. Citigroup reissued a "neutral" rating and set a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Barclays raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Canaccord Genuity Group lowered their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Truist Financial dropped their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price target 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. Four equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

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.