Key Points
- Insider selling: Newell Brands insider Bradford Turner sold 100,000 shares at an average price of $3.60, reducing his position by 17.72% and generating $360,000 in proceeds.
- Latest results: The company reported a smaller-than-expected loss of $0.05 per share for the quarter, beating analyst estimates, while revenue came in at $1.55 billion, slightly ahead of forecasts.
- Dividend and sentiment: Newell Brands announced a quarterly dividend of $0.07 per share, implying a 7.7% annualized yield, while analysts currently rate the stock a consensus Hold with a $4.94 price target.
Newell Brands Inc. (NASDAQ:NWL - Get Free Report) insider Bradford Turner sold 100,000 shares of the stock in a transaction 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 owned 464,449 shares in the company, valued at $1,672,016.40. This trade represents a 17.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Newell Brands Trading Up 1.7%
Shares of NWL stock opened at $3.66 on Thursday. 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 52-week low of $3.07 and a 52-week high of $6.64. The company has a market capitalization of $1.56 billion, a PE ratio of -5.46, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. The business's fifty day moving average is $3.85 and its 200 day moving average is $3.96.
Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted ($0.01) earnings per share. The firm's revenue was down 1.1% compared to the same quarter last year. 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. On average, equities research analysts anticipate that Newell Brands Inc. will post 0.57 EPS for the current fiscal year.
Newell Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, May 29th. Newell Brands's dividend payout ratio (DPR) is -41.79%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in NWL. AQR Capital Management LLC grew its holdings in shares of Newell Brands by 197.8% in the fourth quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company's stock worth $78,741,000 after purchasing an additional 14,059,209 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of Newell Brands in the third quarter worth approximately $68,120,000. Candlestick Capital Management LP bought a new position in shares of Newell Brands in the third quarter worth approximately $31,786,000. Squarepoint Ops LLC grew its holdings in shares of Newell Brands by 1,568.3% in the third quarter. Squarepoint Ops LLC now owns 3,795,058 shares of the company's stock worth $19,886,000 after purchasing an additional 3,567,581 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of 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 purchasing an additional 2,375,782 shares during the last quarter. Institutional investors own 92.50% of the company's stock.
Analyst Ratings Changes
NWL has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $4.00 price objective on Newell Brands in a research report on Thursday, April 9th. Canaccord Genuity Group lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. UBS Group lifted their price objective on shares of Newell Brands from $3.75 to $4.25 and gave the stock a "neutral" rating in a report on Monday, May 4th. Morgan Stanley downgraded shares of Newell Brands from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $4.00 to $3.50 in a report on Wednesday, May 20th. Finally, Barclays dropped their price objective on shares of Newell Brands from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.94.
Get Our Latest Report on NWL
Newell Brands Company Profile
(
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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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