Legal & General Group Plc Purchases New Position in Newell Brands Inc. $NWL

Legal & General Group Plc acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,129,269 shares of the company’s stock, valued at approximately $6,933,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Newell Brands by 139.3% during the fourth quarter. Quarry LP now owns 7,416 shares of the company’s stock worth $28,000 after buying an additional 4,317 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Newell Brands in the 4th quarter valued at $30,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Newell Brands during the 4th quarter valued at $39,000. HighPoint Advisor Group LLC acquired a new stake in shares of Newell Brands during the 4th quarter valued at $39,000. Finally, 111 Capital acquired a new stake in shares of Newell Brands during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Insider Activity

In related news, insider Bradford R. Turner sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the sale, the insider owned 433,398 shares in the company, valued at $2,669,731.68. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.64% of the stock is owned by corporate insiders.

Newell Brands Stock Up 0.7%

Shares of NASDAQ NWL opened at $5.98 on Thursday. The company’s 50 day moving average price is $5.71 and its 200-day moving average price is $4.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. Newell Brands Inc. has a 52-week low of $3.07 and a 52-week high of $7.13. The company has a market capitalization of $2.55 billion, a P/E ratio of -11.28, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.22. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company posted $0.24 earnings per share. Newell Brands’s revenue for the quarter was up 3.0% compared to the same quarter last year. 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. Equities analysts forecast that Newell Brands Inc. will post 0.76 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s payout ratio is currently -52.83%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NWL. Zacks Research cut Newell Brands from a “strong-buy” rating to a “hold” rating in a report on Monday. Morgan Stanley reissued an “underweight” rating and set a $5.75 price target on shares of Newell Brands in a research note on Thursday, August 6th. Citigroup boosted their price target on Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Barclays upped their price objective on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Canaccord Genuity Group raised their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Newell Brands currently has an average rating of “Hold” and an average target price of $6.66.

About Newell Brands

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.