132,631 Shares in Newell Brands Inc. $NWL Bought by Strs Ohio

Strs Ohio purchased a new position in Newell Brands Inc. (NASDAQ:NWL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 132,631 shares of the company’s stock, valued at approximately $822,000.

A number of other institutional investors have also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of Newell Brands in the first quarter worth $1,326,000. Focus Partners Wealth grew its stake in shares of Newell Brands by 47.0% in the first quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock worth $396,000 after acquiring an additional 20,406 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Newell Brands by 13.4% in the first 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 acquiring an additional 153,658 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Newell Brands in the first quarter worth $3,483,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Newell Brands by 47.3% in the first quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock worth $3,497,000 after acquiring an additional 181,113 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NWL has been the topic of a number of recent research reports. Citigroup increased their target price on Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Wells Fargo & Company increased their price objective on Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Canaccord Genuity Group dropped their price objective on Newell Brands from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, UBS Group increased their price objective on Newell Brands from $5.00 to $5.50 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Newell Brands has an average rating of “Moderate Buy” and an average target price of $7.44.

Insider Transactions at Newell Brands

In related news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total transaction of $44,968.00. Following the sale, the chief executive officer owned 52,007 shares of the company’s stock, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.71% of the company’s stock.

Newell Brands Stock Down 4.7%

NASDAQ NWL opened at $5.53 on Friday. The stock’s 50-day moving average price is $5.70 and its 200-day moving average price is $5.63. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a market capitalization of $2.32 billion, a P/E ratio of -9.37 and a beta of 0.99.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. 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 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands’s dividend payout ratio (DPR) is -47.46%.

Newell Brands Company Profile

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.