Landscape Capital Management L.L.C. purchased a new stake in Newell Brands Inc. (NASDAQ:NWL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,065,028 shares of the company’s stock, valued at approximately $6,539,000.
Other hedge funds and other institutional investors have also made changes to their positions 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 purchasing an additional 4,317 shares during the period. Summit Securities Group LLC bought a new position in Newell Brands during the fourth quarter worth about $30,000. Vise Technologies Inc. bought a new position in Newell Brands during the third quarter worth about $54,000. HighPoint Advisor Group LLC acquired a new position in shares of Newell Brands during the 4th quarter worth about $39,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Newell Brands during the 3rd quarter worth about $54,000. 92.50% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on NWL shares. Royal Bank Of Canada increased their price target on shares of Newell Brands from $4.00 to $5.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. UBS Group boosted their price objective on shares of Newell Brands from $4.75 to $5.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Canaccord Genuity Group upped their target price on shares of Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Citigroup increased their target price on shares of Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Newell Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus target price of $6.66.
Newell Brands Stock Up 5.2%
Shares of Newell Brands stock opened at $6.09 on Friday. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $7.13. The business has a 50-day moving average of $5.55 and a two-hundred day moving average of $4.59. The company has a market capitalization of $2.59 billion, a P/E ratio of -11.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59.
Newell Brands (NASDAQ:NWL – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.24 earnings per share. Newell Brands’s revenue 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. As a group, equities analysts predict that Newell Brands Inc. will post 0.76 EPS for the current year.
Newell Brands Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, August 31st. Newell Brands’s dividend payout ratio (DPR) is -52.83%.
Insider Activity at Newell Brands
In other Newell Brands news, insider Kristine Kay Malkoski sold 10,850 shares of Newell Brands stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $3.65, for a total value of $39,602.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford R. Turner sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider owned 433,398 shares of the company’s stock, valued at $2,669,731.68. This trade represents a 18.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,750 shares of company stock worth $658,896 over the last 90 days. Corporate insiders own 1.64% of the company’s stock.
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.
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