Insider Selling: Newell Brands (NASDAQ:NWL) Insider Sells 100,000 Shares of Stock

Key Points

• Insider sale: Newell Brands insider Bradford Turner sold 100,000 shares on May 22 at an average price of $3.60, totaling $360,000. After the transaction, he still owned 464,449 shares, down 17.72% from his prior stake.
• Recent earnings beat estimates: The company reported a smaller-than-expected quarterly loss of $0.05 per share versus the $0.09 consensus loss, and revenue of $1.55 billion also came in above estimates. However, revenue was still down 1.1% year over year.
• Dividend and analyst view: Newell Brands announced a quarterly dividend of $0.07 per share, implying a 7.7% annualized yield. Analysts currently rate the stock a consensus Hold with a target price of $4.94.

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) insider Bradford Turner sold 100,000 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the sale, the insider directly owned 464,449 shares of the company's stock, valued at approximately $1,672,016.40. This represents a 17.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Newell Brands Price Performance

NWL traded up $0.06 during midday trading on Wednesday, hitting $3.66. The stock had a trading volume of 5,886,807 shares, compared to its average volume of 6,018,553. The company has a market cap of $1.56 billion, a P/E ratio of -5.46, a price-to-earnings-growth ratio of 4.47 and a beta of 1.06. The business has a fifty day moving average of $3.86 and a 200 day moving average of $3.96. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.51 and a current ratio of 1.04. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $6.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.04. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.Newell Brands's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. As a group, equities analysts forecast that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.28 annualized dividend and a yield of 7.7%. Newell Brands's dividend payout ratio is currently -41.79%.

Institutional Trading of Newell Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its stake in Newell Brands by 99.0% in the third quarter. Allianz Asset Management GmbH now owns 1,288,227 shares of the company's stock worth $6,750,000 after acquiring an additional 640,970 shares during the period. GSA Capital Partners LLP lifted its stake in Newell Brands by 262.7% in the third quarter. GSA Capital Partners LLP now owns 346,554 shares of the company's stock worth $1,816,000 after acquiring an additional 251,012 shares during the period. Candlestick Capital Management LP purchased a new stake in Newell Brands in the third quarter worth $31,786,000. Pzena Investment Management LLC lifted its stake in Newell Brands by 5.0% in the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company's stock worth $186,073,000 after acquiring an additional 2,375,782 shares during the period. Finally, Neo Ivy Capital Management lifted its stake in Newell Brands by 365.5% in the third quarter. Neo Ivy Capital Management now owns 318,102 shares of the company's stock worth $1,667,000 after acquiring an additional 249,765 shares during the period. Hedge funds and other institutional investors own 92.50% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NWL shares. Deutsche Bank Aktiengesellschaft cut their target price on Newell Brands from $5.00 to $3.00 and set a "hold" rating for the company in a research note on Monday, March 30th. Royal Bank Of Canada set a $4.00 price objective on Newell Brands in a research note on Thursday, April 9th. Morgan Stanley lowered Newell Brands from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $4.00 to $3.50 in a research note on Wednesday, May 20th. Barclays dropped their price objective on Newell Brands from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Tuesday, April 14th. Finally, Canaccord Genuity Group increased their price objective on Newell Brands from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.94.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company's business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.