SummerHaven Investment Management LLC Takes Position in Newell Brands Inc. $NWL

SummerHaven Investment Management LLC acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 144,162 shares of the company’s stock, valued at approximately $755,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Newell Brands by 29.2% during the first quarter. Royal Bank of Canada now owns 775,131 shares of the company’s stock worth $4,800,000 after purchasing an additional 175,178 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Newell Brands by 47.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock worth $3,497,000 after buying an additional 181,113 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Newell Brands by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock worth $8,073,000 after acquiring an additional 153,658 shares during the last quarter. Focus Partners Wealth grew its holdings in Newell Brands by 47.0% during the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock worth $396,000 after acquiring an additional 20,406 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Newell Brands in the 1st quarter valued at approximately $1,326,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

NWL has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price target on shares of Newell Brands from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada cut their target price on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Citigroup lifted their price objective on Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $4.25 target price on shares of Newell Brands in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.94.

Newell Brands Stock Down 1.1%

Shares of Newell Brands stock opened at $4.31 on Thursday. The stock’s 50-day moving average is $3.86 and its 200 day moving average is $4.69. Newell Brands Inc. has a one year low of $3.07 and a one year high of $10.56. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -71.82 and a beta of 0.89. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a negative net margin of 0.33% and a positive return on equity of 8.64%. Newell Brands’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS and its Q4 2025 guidance at 0.160-0.200 EPS. Equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.28 annualized dividend and a yield of 6.5%. Newell Brands’s dividend payout ratio is currently -466.67%.

Newell Brands 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.