Voya Investment Management LLC Has $321,000 Holdings in Newell Brands Inc. $NWL

Key Points

• Voya Investment Management LLC significantly reduced its stake in Newell Brands, selling 114,776 shares and now holding 51,842 shares worth approximately $321,000.
• CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands at an average price of $5.11, resulting in a 14.47% decrease in her holdings.
• Analysts have set a target price range for Newell Brands shares, with Wells Fargo increasing its price target to $6.00 and JPMorgan lowering it to $7.00, reflecting mixed investor sentiment.

Voya Investment Management LLC trimmed its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 68.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,842 shares of the company's stock after selling 114,776 shares during the period. Voya Investment Management LLC's holdings in Newell Brands were worth $321,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after buying an additional 4,169 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of Newell Brands by 146,542.9% during the 1st 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 bought a new position in shares of Newell Brands during the 1st quarter worth approximately $66,000. Atria Wealth Solutions Inc. bought a new position in shares of Newell Brands during the 1st quarter worth approximately $69,000. Finally, MQS Management LLC bought a new position in shares of Newell Brands during the 1st quarter worth approximately $89,000. 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 firm'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 completion of the sale, the chief executive officer directly owned 52,007 shares of the company's stock, valued at $265,755.77. This trade represents a 14.47% decrease in their position. 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 corporate insiders.

Wall Street Analyst Weigh In

NWL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. cut 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. Canaccord Genuity Group cut their target price on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 4th. UBS Group increased their target price on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Citigroup increased their target price on Newell Brands from $5.50 to $6.00 and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Newell Brands has an average rating of "Moderate Buy" and an average target price of $7.44.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $5.17 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The stock's fifty day simple moving average is $5.68 and its two-hundred day simple moving average is $5.57. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a market cap of $2.17 billion, a PE ratio of -8.76 and a beta of 0.99.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period last year, the business 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. As a group, analysts forecast 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 was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 5.4%. Newell Brands's dividend payout ratio (DPR) is currently -47.46%.

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.

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