Newell Brands Inc. $NWL Shares Purchased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. grew its position in Newell Brands Inc. (NASDAQ:NWL) by 23.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,670,804 shares of the company’s stock after purchasing an additional 3,549,220 shares during the quarter. Newell Brands comprises approximately 2.0% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 3rd biggest position. Deprince Race & Zollo Inc. owned about 4.45% of Newell Brands worth $97,835,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. acquired a new stake in shares of Newell Brands in the second quarter valued at approximately $567,000. Norges Bank bought a new position in Newell Brands during the 2nd quarter worth $20,196,000. Russell Investments Group Ltd. raised its holdings in Newell Brands by 6.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,953,832 shares of the company’s stock valued at $21,354,000 after acquiring an additional 244,584 shares in the last quarter. Cooper Creek Partners Management LLC lifted its position in shares of Newell Brands by 48.8% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock valued at $140,322,000 after acquiring an additional 8,526,698 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Newell Brands by 388.8% during the 2nd quarter. SG Americas Securities LLC now owns 590,162 shares of the company’s stock worth $3,187,000 after purchasing an additional 469,427 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on NWL shares. Morgan Stanley reissued a “hold” rating and issued a $4.25 price objective on shares of Newell Brands in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their price target on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Newell Brands in a report on Monday, December 22nd. Citigroup increased their target price on shares of Newell Brands from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, UBS Group decreased their price target on shares of Newell Brands from $5.50 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, December 2nd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.72.

Newell Brands Price Performance

Shares of NWL opened at $3.79 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 1.68. The stock has a market cap of $1.59 billion, a PE ratio of -63.16 and a beta of 0.90. Newell Brands Inc. has a 12-month low of $3.07 and a 12-month high of $10.85. The business has a 50-day simple moving average of $3.78 and a two-hundred day simple moving average of $4.93.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 31st. The company reported $0.17 earnings per share 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 quarter last year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. 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. Analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 7.4%. Newell Brands’s dividend payout ratio (DPR) is presently -466.67%.

Newell Brands Company Profile

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.