State of Alaska Department of Revenue Boosts Stake in Newell Brands Inc. $NWL

State of Alaska Department of Revenue raised its holdings in Newell Brands Inc. (NASDAQ:NWL) by 7.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,383 shares of the company’s stock after purchasing an additional 17,522 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Newell Brands worth $1,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after purchasing an additional 4,169 shares during the period. Parallel Advisors LLC raised its position in Newell Brands by 194.3% in the second quarter. Parallel Advisors LLC now owns 8,067 shares of the company’s stock valued at $44,000 after purchasing an additional 5,326 shares during the period. OMNI 360 Wealth Inc. purchased a new stake in Newell Brands in the second quarter valued at $58,000. NBC Securities Inc. raised its position in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after purchasing an additional 10,258 shares during the period. Finally, Vident Advisory LLC purchased a new stake in shares of Newell Brands in the 1st quarter valued at $66,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

NWL has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Citigroup boosted their price objective on Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Newell Brands in a report on Saturday, September 27th. UBS Group boosted their price objective on Newell Brands from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their price objective on Newell Brands from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.44.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.71% of the company’s stock.

Newell Brands Trading Up 3.7%

NWL opened at $5.39 on Friday. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -9.14 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. The business has a fifty day moving average price of $5.60 and a 200 day moving average price of $5.53.

Newell Brands (NASDAQ:NWL) last released 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 positive return on equity of 8.48% and a negative net margin of 3.29%.The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the firm posted $0.36 EPS. Newell Brands’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. Sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands’s dividend payout ratio is currently -47.46%.

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.