Newell Brands Inc. $NWL Shares Sold by EVR Research LP

EVR Research LP reduced its stake in Newell Brands Inc. (NASDAQ:NWL) by 33.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 400,000 shares of the company’s stock after selling 200,000 shares during the quarter. EVR Research LP’s holdings in Newell Brands were worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its position 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 buying an additional 175,178 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Newell Brands by 47.3% during the first 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 boosted its position in shares of Newell Brands by 13.4% during the first 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 buying an additional 153,658 shares during the period. Focus Partners Wealth boosted its position in shares of Newell Brands by 47.0% during the first quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock worth $396,000 after buying an additional 20,406 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Newell Brands during the first quarter worth approximately $1,326,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NWL. Citigroup boosted their price objective on Newell Brands from $4.00 to $4.75 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley downgraded Newell Brands from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $4.00 to $3.50 in a research report on Wednesday, May 20th. Canaccord Genuity Group boosted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group boosted their price objective on Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Barclays reduced their price objective on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.94.

Insiders Place Their Bets

In other Newell Brands news, insider Kristine Kay Malkoski sold 10,850 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford R. Turner sold 100,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,672,016.40. This trade represents a 17.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 202,750 shares of company stock worth $812,397 over the last ninety days. Company insiders own 1.64% of the company’s stock.

Newell Brands Stock Performance

NWL opened at $4.97 on Thursday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -7.42, a price-to-earnings-growth ratio of 5.82 and a beta of 1.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.04 and a quick ratio of 0.51. Newell Brands Inc. has a 1-year low of $3.07 and a 1-year high of $6.64. The business has a 50 day moving average price of $4.03 and a two-hundred day moving average price of $4.04.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. 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. Research analysts predict that Newell Brands Inc. will post 0.57 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, May 29th. Newell Brands’s dividend payout ratio is -41.79%.

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.