Newell Brands Inc. $NWL Stake Boosted by Russell Investments Group Ltd.

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. boosted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent disclosure 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 SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Financial Sense Advisors Inc. bought a new stake in shares of Newell Brands during the 1st quarter worth $10,187,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Newell Brands by 121.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock worth $889,000 after acquiring an additional 78,718 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Newell Brands by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company's stock worth $12,801,000 after acquiring an additional 48,904 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Newell Brands during the 1st quarter worth $620,000. Finally, GAMMA Investing LLC lifted its stake in Newell Brands by 399.0% in the first quarter. GAMMA Investing LLC now owns 100,589 shares of the company's stock worth $624,000 after purchasing an additional 80,431 shares during the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.71% of the company's stock.

Newell Brands Trading Down 4.7%

Shares of NWL traded down $0.2750 during mid-day trading on Wednesday, reaching $5.5750. The stock had a trading volume of 2,907,536 shares, compared to its average volume of 9,089,869. 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 Inc. has a 52-week low of $4.22 and a 52-week high of $11.78. The business's fifty day moving average is $5.54 and its 200 day moving average is $5.84. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -9.43 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly 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 negative net margin of 3.29% and a positive return on equity of 8.48%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $0.36 EPS. The business's 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 predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm 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 $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 5.0%. Newell Brands's dividend payout ratio (DPR) is -47.46%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NWL. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of Newell Brands in a research report on Monday, April 28th. Truist Financial cut their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. UBS Group raised their target price 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. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Finally, Canaccord Genuity Group decreased their price objective on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.