SummerHaven Investment Management LLC Invests $755,000 in Newell Brands Inc. $NWL

SummerHaven Investment Management LLC bought a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 144,162 shares of the company’s stock, valued at approximately $755,000.

A number of other institutional investors have also added to or reduced their stakes in NWL. Royal Bank of Canada boosted its holdings in Newell Brands by 29.2% in the first quarter. Royal Bank of Canada now owns 775,131 shares of the company’s stock worth $4,800,000 after acquiring an additional 175,178 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Newell Brands by 47.3% during the first quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock worth $3,497,000 after purchasing an additional 181,113 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Newell Brands by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock worth $8,073,000 after purchasing an additional 153,658 shares in the last quarter. Focus Partners Wealth grew its position in Newell Brands by 47.0% in the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock valued at $396,000 after purchasing an additional 20,406 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Newell Brands during the 1st quarter valued at $1,326,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley reaffirmed a “hold” rating and issued a $4.25 price objective on shares of Newell Brands in a research note on Monday, November 3rd. Citigroup raised their price target on shares of Newell Brands from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada cut their price target 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. Canaccord Genuity Group increased their price objective on Newell Brands from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday. Finally, UBS Group raised their target price on Newell Brands from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $5.94.

Newell Brands Trading Down 1.1%

Shares of NWL stock opened at $4.31 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.14. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -71.82 and a beta of 0.89. Newell Brands Inc. has a 52-week low of $3.07 and a 52-week high of $10.56. The company has a 50-day simple moving average of $3.86 and a two-hundred day simple moving average of $4.69.

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

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.28 annualized dividend and a yield of 6.5%. Newell Brands’s payout ratio is currently -466.67%.

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.