Trexquant Investment LP Sells 1,380,331 Shares of Newell Brands Inc. $NWL

Trexquant Investment LP reduced its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 94.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,061 shares of the company's stock after selling 1,380,331 shares during the period. Trexquant Investment LP's holdings in Newell Brands were worth $515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Sense Advisors Inc. bought a new position in Newell Brands during the first quarter valued at approximately $10,187,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Newell Brands by 121.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock worth $889,000 after purchasing an additional 78,718 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Newell Brands by 12.8% in the first quarter. Russell Investments Group Ltd. now owns 3,709,248 shares of the company's stock worth $22,999,000 after purchasing an additional 420,638 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Newell Brands by 2.4% in the first 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 period. Finally, Asset Management One Co. Ltd. purchased a new stake in Newell Brands in the first quarter worth $620,000. 92.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the 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 owned 52,007 shares of the company's stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on NWL shares. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company lifted their price target on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Citigroup reiterated a "neutral" rating and issued a $6.00 price objective (up from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. UBS Group boosted their price target on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Canaccord Genuity Group lowered their price objective 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. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Newell Brands presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Newell Brands Stock Down 0.9%

Shares of NWL opened at $6.33 on Tuesday. The business's 50 day simple moving average is $5.69 and its 200-day simple moving average is $5.65. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -10.73 and a beta of 0.99. 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 (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 quarter in the prior year, the firm posted $0.36 EPS. Newell Brands's quarterly revenue was down 4.8% compared to the same quarter last year. 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 analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.4%. Newell Brands's dividend payout ratio is presently -47.46%.

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.

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