Pzena Investment Management LLC Lowers Stock Position in Newell Brands Inc. $NWL

Pzena Investment Management LLC reduced its position in Newell Brands Inc. (NASDAQ:NWL) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,643,771 shares of the company’s stock after selling 730,684 shares during the quarter. Pzena Investment Management LLC owned about 11.37% of Newell Brands worth $249,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Newell Brands during the second quarter worth about $35,000. Summit Global Investments acquired a new position in shares of Newell Brands in the 2nd quarter valued at about $54,000. Forum Financial Management LP purchased a new stake in shares of Newell Brands during the 3rd quarter worth about $54,000. one8zero8 LLC purchased a new stake in shares of Newell Brands during the 3rd quarter worth about $57,000. Finally, Earned Wealth Advisors LLC acquired a new stake in Newell Brands during the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Performance

NASDAQ:NWL opened at $4.74 on Thursday. The firm has a 50-day moving average of $4.14 and a two-hundred day moving average of $4.56. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.07 and a quick ratio of 0.57. The stock has a market cap of $1.99 billion, a P/E ratio of -6.97 and a beta of 0.93. Newell Brands Inc. has a 1-year low of $3.07 and a 1-year high of $7.02.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a positive return on equity of 9.17% and a negative net margin of 3.96%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. Newell Brands has set its Q1 2026 guidance at -0.120–0.080 EPS. On average, research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, February 27th. Newell Brands’s dividend payout ratio is -41.18%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group reissued a “neutral” rating and issued a $5.00 target price on shares of Newell Brands in a research note on Monday, February 9th. Canaccord Genuity Group increased their price target on Newell Brands from $7.00 to $8.00 and gave the company a “buy” rating in a report on Monday, January 26th. Morgan Stanley raised their price objective on Newell Brands from $4.25 to $4.50 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Citigroup upped their target price on Newell Brands from $4.25 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada lowered their target price on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.11.

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.