110,373 Shares in Newell Brands Inc. $NWL Purchased by Scientech Research LLC

Key Points

• Scientech Research LLC invested approximately $684,000 in Newell Brands Inc., purchasing 110,373 shares during the first quarter of the year.
• Newell Brands reported a quarterly EPS of $0.24, matching analyst expectations, but showing a 4.8% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.07, which results in an annualized yield of 4.4%, with the payment set for September 15th.

Scientech Research LLC acquired a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 110,373 shares of the company's stock, valued at approximately $684,000.

Several other institutional investors have also added to or reduced their stakes in NWL. Massachusetts Financial Services Co. MA boosted its holdings in shares of Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after buying an additional 4,273,541 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Newell Brands by 12.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company's stock valued at $126,646,000 after purchasing an additional 2,336,840 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Newell Brands by 2.5% during the 1st quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock valued at $89,888,000 after purchasing an additional 351,610 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Newell Brands by 401.2% during the 1st quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company's stock valued at $65,382,000 after purchasing an additional 8,475,385 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Newell Brands by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,090,178 shares of the company's stock valued at $25,359,000 after purchasing an additional 98,102 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Trading Down 2.8%

Newell Brands stock traded down $0.17 during trading hours on Friday, reaching $5.92. The company had a trading volume of 5,979,776 shares, compared to its average volume of 7,189,116. 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 12-month low of $4.22 and a 12-month high of $11.78. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -10.03 and a beta of 0.99. The company has a 50-day moving average price of $5.71 and a 200 day moving average price of $5.64.

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

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands's dividend payout ratio is presently -47.46%.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction 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 SEC, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on NWL. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Wells Fargo & Company lifted their price objective on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. UBS Group lifted 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. Citigroup restated a "neutral" rating and issued a $6.00 target price (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group dropped their price target on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Newell Brands presently has a consensus 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.