Empowered Funds LLC Buys Shares of 1,605,614 Newell Brands Inc. $NWL

Empowered Funds LLC purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,605,614 shares of the company’s stock, valued at approximately $9,858,000. Empowered Funds LLC owned about 0.38% of Newell Brands as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NWL. Quarry LP lifted its stake in shares of Newell Brands by 139.3% in the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after purchasing an additional 4,317 shares during the last quarter. Summit Securities Group LLC acquired a new position in Newell Brands during the fourth quarter worth $30,000. Citizens Financial Group Inc. RI bought a new position in Newell Brands during the fourth quarter valued at about $39,000. HighPoint Advisor Group LLC bought a new position in Newell Brands during the fourth quarter valued at about $39,000. Finally, 111 Capital acquired a new stake in shares of Newell Brands in the fourth quarter worth about $39,000. Institutional investors own 92.50% of the company’s stock.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the sale, the insider directly owned 433,398 shares in the company, valued at $2,669,731.68. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.64% of the stock is owned by company insiders.

Newell Brands Trading Up 4.9%

Newell Brands stock opened at $6.17 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. The business’s 50-day simple moving average is $5.66 and its 200-day simple moving average is $4.64. The firm has a market capitalization of $2.63 billion, a PE ratio of -11.64, a PEG ratio of 1.52 and a beta of 0.88. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $7.13.

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

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.28 annualized dividend and a yield of 4.5%. Newell Brands’s payout ratio is currently -52.83%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NWL. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 price objective on shares of Newell Brands in a report on Monday, August 3rd. Barclays boosted their target price on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. UBS Group lifted their price target on shares of Newell Brands from $4.75 to $5.50 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.66.

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.