Newell Brands (NASDAQ:NWL) Stock Price Down 6.7% on Insider Selling

Newell Brands Inc. (NASDAQ:NWL) dropped 6.7% during mid-day trading on Monday following insider selling activity. The stock traded as low as $4.24 and last traded at $4.2350. Approximately 1,346,158 shares changed hands during trading, a decline of 77% from the average daily volume of 5,864,761 shares. The stock had previously closed at $4.54.

Specifically, insider Melanie Arlene Huet sold 91,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the transaction, the insider directly owned 867 shares of the company’s stock, valued at approximately $3,901.50. This trade represents a 99.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

NWL has been the topic of a number of research reports. Citigroup raised their price target on shares of Newell Brands from $4.00 to $4.75 and gave the company a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Newell Brands from $5.00 to $3.00 and set a “hold” rating for the company in a report on Monday, March 30th. Canaccord Genuity Group increased their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, April 16th. UBS Group increased their price objective on shares of Newell Brands from $3.75 to $4.25 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Morgan Stanley increased their price objective on shares of Newell Brands from $4.25 to $4.50 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.06.

Newell Brands Price Performance

The stock’s fifty day moving average price is $3.99 and its 200-day moving average price is $4.01. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -6.09, a P/E/G ratio of 5.54 and a beta of 1.06. The company has a current ratio of 1.04, a quick ratio of 0.51 and a debt-to-equity ratio of 1.94.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results 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 negative net margin of 3.91% and a positive return on equity of 8.89%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned ($0.01) EPS. The business’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. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, May 29th. Newell Brands’s payout ratio is currently -41.79%.

Institutional Investors Weigh In On Newell Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised 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 valued at $28,000 after buying an additional 4,317 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Newell Brands in the 4th quarter valued at $30,000. Forum Financial Management LP purchased a new stake in shares of Newell Brands in the 3rd quarter valued at $54,000. Vise Technologies Inc. purchased a new stake in shares of Newell Brands in the 3rd quarter valued at $54,000. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of Newell Brands in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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.