Russell Investments Group Ltd. Has $23 Million Stake in Newell Brands Inc. $NWL

Key Points

• Russell Investments Group Ltd. increased its stake in Newell Brands Inc. by 12.8%, acquiring an additional 420,638 shares, bringing its total ownership to 3,709,248 shares valued at approximately $22.99 million.
• Analysts have mixed opinions on Newell Brands, with target prices ranging from $5.00 to $9.00 and a consensus rating of "Hold."
• Newell Brands announced a quarterly dividend of $0.07 per share, representing a 5.1% dividend yield and a negative payout ratio of -47.46%.

Russell Investments Group Ltd. lifted its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,709,248 shares of the company's stock after purchasing an additional 420,638 shares during the period. Russell Investments Group Ltd. owned about 0.89% of Newell Brands worth $22,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Newell Brands by 25.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after purchasing an additional 4,273,541 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after purchasing an additional 3,188,718 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Newell Brands by 2.5% during the first quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock worth $89,888,000 after purchasing an additional 351,610 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Newell Brands by 12.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock valued at $127,091,000 after acquiring an additional 1,363,913 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Newell Brands by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,090,178 shares of the company's stock valued at $25,359,000 after acquiring an additional 98,102 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Trading Down 1.8%

Shares of Newell Brands stock traded down $0.0980 on Thursday, reaching $5.4720. 1,236,671 shares of the company's stock were exchanged, compared to its average volume of 9,059,358. The company has a market capitalization of $2.29 billion, a P/E ratio of -9.28 and a beta of 0.96. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The firm's 50-day moving average is $5.53 and its two-hundred day moving average is $5.84. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly 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. The firm 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 company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business 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. Sell-side analysts predict that Newell Brands Inc. will post 0.72 EPS 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. Stockholders of record on Friday, August 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands's dividend payout ratio is presently -47.46%.

Insider Buying and Selling at Newell Brands

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 52,007 shares of the company's stock, valued at $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 available through this link. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on NWL. Wall Street Zen upgraded Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Truist Financial reduced their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. 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 reiterated a "neutral" rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Finally, 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 report on Wednesday, July 9th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Newell Brands currently has a consensus rating of "Moderate Buy" and an average target price of $7.44.

Newell Brands Company 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.