Newell Brands Inc. $NWL Stock Position Cut by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its stake in Newell Brands Inc. (NASDAQ:NWL) by 55.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,733 shares of the company’s stock after selling 5,950 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Newell Brands were worth $29,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Newell Brands in the 4th quarter valued at about $33,000. Farther Finance Advisors LLC grew its position in Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after buying an additional 4,169 shares in the last quarter. NBC Securities Inc. grew its position in Newell Brands by 146,542.9% in the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after buying an additional 10,258 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in Newell Brands in the 1st quarter valued at about $69,000. Finally, MQS Management LLC bought a new position in Newell Brands in the 1st quarter valued at about $89,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Shares of NWL opened at $6.39 on Monday. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The company has a 50-day moving average of $5.67 and a two-hundred day moving average of $5.66. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -10.83 and a beta of 0.99. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. On average, equities research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently -47.46%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NWL shares. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company boosted their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Canaccord Genuity Group cut their target price on shares of Newell Brands from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, August 4th. UBS Group raised their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Citigroup restated a “neutral” rating and issued a $6.00 price target (up previously from $5.00) on shares of Newell Brands in a research report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Newell Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.44.

Insider Activity at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the transaction, the chief executive officer directly owned 52,007 shares in the company, valued at $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.71% of the stock is currently owned by insiders.

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.