Pzena Investment Management LLC Has $163.96 Million Stock Holdings in Newell Brands Inc. $NWL

Pzena Investment Management LLC lowered its stake in Newell Brands Inc. (NASDAQ:NWL) by 4.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 47,802,935 shares of the company’s stock after selling 2,216,618 shares during the period. Pzena Investment Management LLC owned approximately 0.11% of Newell Brands worth $163,964,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its position 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 valued at $78,741,000 after purchasing an additional 14,059,209 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Newell Brands by 0.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 18,802,600 shares of the company’s stock worth $69,946,000 after purchasing an additional 131,796 shares during the last quarter. State Street Corp boosted its stake in Newell Brands by 2.1% in the 4th quarter. State Street Corp now owns 14,615,775 shares of the company’s stock valued at $54,371,000 after purchasing an additional 295,001 shares during the period. Rubric Capital Management LP acquired a new position in Newell Brands in the 3rd quarter valued at $68,120,000. Finally, Geode Capital Management LLC grew its holdings in Newell Brands by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 7,442,619 shares of the company’s stock valued at $27,693,000 after buying an additional 866,984 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NWL has been the subject of several recent research reports. Royal Bank Of Canada set a $4.00 price target on Newell Brands in a research note on Thursday, April 9th. Citigroup raised their price objective on Newell Brands from $4.00 to $4.75 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley downgraded Newell Brands from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $4.00 to $3.50 in a research report on Wednesday, May 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a report on Friday, May 15th. Finally, 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 research report on Monday, March 30th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.94.

Insider Buying and Selling

In related news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.60, for a total value of $360,000.00. Following the transaction, the insider owned 464,449 shares of the company’s stock, valued at approximately $1,672,016.40. This trade represents a 17.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristine Kay Malkoski sold 10,850 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 202,750 shares of company stock worth $812,396 in the last ninety days. Corporate insiders own 1.64% of the company’s stock.

Newell Brands Stock Down 4.1%

NASDAQ:NWL opened at $5.89 on Thursday. The firm’s 50 day simple moving average is $4.34 and its 200 day simple moving average is $4.17. 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 one year low of $3.07 and a one year high of $6.64. The company has a market cap of $2.50 billion, a PE ratio of -8.79, a P/E/G ratio of 7.54 and a beta of 0.86.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.05) 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 analyst estimates of $1.51 billion. During the same period in the previous year, the firm earned ($0.01) earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. 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, research analysts anticipate that Newell Brands Inc. will post 0.57 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors 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 4.8%. The ex-dividend date of this dividend was Friday, May 29th. Newell Brands’s payout ratio is presently -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.