Advisors Asset Management Inc. Sells 34,111 Shares of Newell Brands Inc. $NWL

Advisors Asset Management Inc. trimmed its position in Newell Brands Inc. (NASDAQ:NWL) by 48.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,204 shares of the company’s stock after selling 34,111 shares during the quarter. Advisors Asset Management Inc.’s holdings in Newell Brands were worth $224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Newell Brands in the 4th quarter valued at about $33,000. Farther Finance Advisors LLC lifted its stake in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock worth $38,000 after buying an additional 4,169 shares during the last quarter. NBC Securities Inc. lifted its stake in shares of Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock worth $63,000 after buying an additional 10,258 shares during the last quarter. Vident Advisory LLC acquired a new stake in shares of Newell Brands during the 1st quarter worth about $66,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Newell Brands during the 1st quarter worth about $69,000. 92.50% of the stock is owned by institutional investors.

Insider Transactions at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction 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 represents a 14.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $6.09 on Friday. The firm has a 50 day moving average of $5.71 and a 200-day moving average of $5.66. The stock has a market capitalization of $2.55 billion, a PE ratio of -10.32 and a beta of 0.99. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. 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 predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, August 29th. Newell Brands’s dividend payout ratio is currently -47.46%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NWL shares. Citigroup reiterated a “neutral” rating and issued a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Canaccord Genuity Group dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Wells Fargo & Company lifted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Finally, UBS Group lifted their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.44.

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.