Primecap Management Co. CA Purchases New Position in Newell Brands Inc. $NWL

Primecap Management Co. CA purchased a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 5,863,700 shares of the company’s stock, valued at approximately $36,003,000.

A number of other large investors have also added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Newell Brands by 139.3% during the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock worth $28,000 after acquiring an additional 4,317 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Newell Brands during the 4th quarter valued at approximately $30,000. Citizens Financial Group Inc. RI bought a new position in shares of Newell Brands during the 4th quarter valued at approximately $39,000. HighPoint Advisor Group LLC purchased a new position in shares of Newell Brands in the fourth quarter valued at $39,000. Finally, 111 Capital purchased a new position in shares of Newell Brands in the fourth quarter valued at $39,000. Institutional investors own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NWL. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of Newell Brands in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on shares of Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Citigroup boosted their target price on shares of Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Newell Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus price target of $6.66.

Newell Brands Price Performance

Shares of NWL stock opened at $5.96 on Thursday. 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 company has a market capitalization of $2.54 billion, a P/E ratio of -11.25, a P/E/G ratio of 1.47 and a beta of 0.88. The company’s 50-day simple moving average is $5.62 and its two-hundred day simple moving average is $4.62. Newell Brands Inc. has a one year low of $3.07 and a one year high of $7.13.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.22. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts anticipate that Newell Brands Inc. will post 0.76 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, August 31st. Newell Brands’s dividend payout ratio (DPR) is presently -52.83%.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the sale, the insider directly owned 433,398 shares of the company’s stock, valued at $2,669,731.68. The trade was a 18.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.64% of the stock is currently owned by company insiders.

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.