Deprince Race & Zollo Inc. Sells 416,741 Shares of Newell Brands Inc. $NWL

Deprince Race & Zollo Inc. lessened its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,385,859 shares of the company’s stock after selling 416,741 shares during the quarter. Newell Brands accounts for approximately 1.2% of Deprince Race & Zollo Inc.’s holdings, making the stock its 18th largest holding. Deprince Race & Zollo Inc.’s holdings in Newell Brands were worth $63,063,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Newell Brands by 197.8% during the 4th quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock worth $78,741,000 after acquiring an additional 14,059,209 shares in the last quarter. Rubric Capital Management LP acquired a new stake in Newell Brands during the 3rd quarter valued at $68,120,000. Candlestick Capital Management LP acquired a new position in Newell Brands in the 3rd quarter valued at about $31,786,000. Squarepoint Ops LLC increased its stake in shares of Newell Brands by 1,568.3% during the third quarter. Squarepoint Ops LLC now owns 3,795,058 shares of the company’s stock worth $19,886,000 after purchasing an additional 3,567,581 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in shares of Newell Brands by 5.0% during the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock worth $186,073,000 after buying an additional 2,375,782 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Insider Activity

In other Newell Brands news, insider Melanie Arlene Huet sold 91,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.50, for a total transaction of $409,500.00. Following the transaction, the insider directly owned 867 shares in the company, valued at $3,901.50. This trade represents a 99.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kristine Kay Malkoski sold 10,850 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were 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 sold 202,750 shares of company stock worth $812,396 in the last three months. Corporate insiders own 1.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NWL. Citigroup boosted their price target on Newell Brands from $4.00 to $4.75 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a report on Friday, May 15th. Barclays reduced their target price on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. UBS Group lifted their target price on Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada set a $4.00 target price on shares of Newell Brands in a research report on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.94.

Newell Brands Stock Performance

Shares of NWL stock opened at $5.89 on Thursday. Newell Brands Inc. has a 12 month low of $3.07 and a 12 month high of $6.64. The firm has a market capitalization of $2.50 billion, a PE ratio of -8.79, a price-to-earnings-growth ratio of 7.54 and a beta of 0.86. The company has a current ratio of 1.04, a quick ratio of 0.51 and a debt-to-equity ratio of 1.94. The firm has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $4.17.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, beating 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 company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned ($0.01) earnings per share. The firm’s 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. Analysts forecast that Newell Brands Inc. will post 0.57 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.28 annualized dividend and a yield of 4.8%. Newell Brands’s payout ratio is currently -41.79%.

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.