Newell Brands Inc. $NWL Holdings Cut by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,132,390 shares of the company’s stock after selling 66,115 shares during the quarter. Geode Capital Management LLC’s holdings in Newell Brands were worth $38,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hussman Strategic Advisors Inc. bought a new position in Newell Brands during the 2nd quarter worth $567,000. Russell Investments Group Ltd. boosted its holdings in shares of Newell Brands by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 3,709,248 shares of the company’s stock valued at $22,999,000 after acquiring an additional 420,638 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Newell Brands by 37.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 197,721 shares of the company’s stock valued at $1,155,000 after acquiring an additional 54,320 shares during the period. CM Management LLC bought a new position in shares of Newell Brands during the first quarter worth about $310,000. Finally, Strs Ohio acquired a new stake in shares of Newell Brands in the 1st quarter worth about $822,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Morgan Stanley reaffirmed a “hold” rating and set a $4.25 price target on shares of Newell Brands in a report on Monday, November 3rd. Citigroup decreased their price objective on Newell Brands from $5.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada lowered their target price on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Newell Brands in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.86.

Newell Brands Trading Up 2.9%

Shares of NWL stock opened at $3.57 on Thursday. The stock has a 50-day simple moving average of $4.42 and a 200 day simple moving average of $5.21. The stock has a market capitalization of $1.50 billion, a P/E ratio of -59.49 and a beta of 1.02. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $11.78. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a negative net margin of 0.33% and a positive return on equity of 8.64%. Newell Brands’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. On average, sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.07 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.28 annualized dividend and a yield of 7.8%. Newell Brands’s payout ratio is -466.67%.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.