Newell Brands (NASDAQ:NWL) Insider Sells $616,000.00 in Stock

Key Points

• Newell Brands insider Bradford Turner sold 100,000 shares at an average price of $6.16, generating $616,000 and reducing his direct ownership by 18.75% to 433,398 shares.
• Newell Brands reported quarterly EPS of $0.42, beating the $0.20 consensus estimate, while revenue reached $1.99 billion and increased 3% year over year. The company guided for third-quarter EPS of $0.18–$0.20 and full-year EPS of $0.73–$0.77.
• Shares recently traded at $5.90, down 1.8%, while analysts maintained a consensus “Hold” rating with an average price target of $6.66; institutional investors own 92.5% of the stock.

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) insider Bradford Turner sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the completion of the sale, the insider directly owned 433,398 shares of the company's stock, valued at approximately $2,669,731.68. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Newell Brands Stock Down 1.8%

Shares of NWL stock traded down $0.11 during trading hours on Monday, reaching $5.90. The company had a trading volume of 7,559,605 shares, compared to its average volume of 8,257,115. Newell Brands Inc. has a 12 month low of $3.07 and a 12 month high of $7.13. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. The business has a fifty day simple moving average of $5.14 and a 200-day simple moving average of $4.46. The company has a market cap of $2.51 billion, a price-to-earnings ratio of -11.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.22. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.Newell Brands's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. On average, research analysts expect that Newell Brands Inc. will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NWL has been the subject of several analyst reports. UBS Group increased their target price on shares of Newell Brands from $4.75 to $5.50 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of Newell Brands in a report on Friday, May 15th. Barclays upped their price objective on shares of Newell Brands from $5.00 to $7.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Morgan Stanley reiterated an "underweight" rating and issued a $5.75 price objective on shares of Newell Brands in a research note on Thursday. Finally, Citigroup lifted their target price on shares of Newell Brands from $5.50 to $6.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Newell Brands currently has a consensus rating of "Hold" and an average price target of $6.66.

Institutional Investors Weigh In On Newell Brands

Several large investors have recently made changes to their positions in NWL. Quarry LP boosted its holdings in shares of Newell Brands by 139.3% in the 4th quarter. Quarry LP now owns 7,416 shares of the company's stock worth $28,000 after buying an additional 4,317 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Newell Brands during the fourth quarter worth about $30,000. Citizens Financial Group Inc. RI purchased a new stake in Newell Brands during the fourth quarter worth about $39,000. HighPoint Advisor Group LLC bought a new stake in Newell Brands in the fourth quarter worth about $39,000. Finally, 111 Capital bought a new stake in Newell Brands in the fourth quarter worth about $39,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

About Newell Brands

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.

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