Scientech Research LLC Purchases Shares of 110,373 Newell Brands Inc. $NWL

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 shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 110,373 shares of the company's stock, valued at approximately $684,000.

A number of other large investors also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new stake in shares of Newell Brands during the 4th quarter worth $33,000. Farther Finance Advisors LLC lifted its holdings in Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after purchasing an additional 4,169 shares in the last quarter. NBC Securities Inc. lifted its position in Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after buying an additional 10,258 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of Newell Brands during the first quarter valued at about $66,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Newell Brands during the first quarter worth $69,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Insider Activity

In related news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands 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 transaction, the chief executive officer directly owned 52,007 shares in the company, valued at $265,755.77. The trade was a 14.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is owned by insiders.

Newell Brands Stock Down 2.8%

NASDAQ NWL traded down $0.17 during mid-day trading on Friday, reaching $5.92. 5,979,769 shares of the company's stock traded hands, compared to its average volume of 8,957,815. The company has a fifty day simple moving average of $5.71 and a 200-day simple moving average of $5.66. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The company 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 current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate 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%.Newell Brands's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. As a group, equities research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.07 dividend. 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 payout ratio is currently -47.46%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company raised 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. UBS Group upped their target price on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Canaccord Genuity Group reduced their price objective on Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 4th. 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 research report on Monday, August 4th. Finally, Citigroup reiterated a "neutral" rating and issued a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.