Newell Brands Inc. $NWL Position Lifted by CastleKnight Management LP

CastleKnight Management LP raised its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 397.9% during the fourth quarter, HoldingsChannel reports. The fund owned 864,914 shares of the company’s stock after acquiring an additional 691,214 shares during the quarter. CastleKnight Management LP’s holdings in Newell Brands were worth $3,217,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Newell Brands by 139.3% during the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after acquiring an additional 4,317 shares during the last quarter. Vise Technologies Inc. bought a new position in Newell Brands during the 3rd quarter valued at $54,000. HighPoint Advisor Group LLC bought a new position in Newell Brands during the 4th quarter valued at $39,000. CreativeOne Wealth LLC bought a new position in Newell Brands during the 3rd quarter valued at $54,000. Finally, 111 Capital bought a new position in Newell Brands during the 4th quarter valued at $39,000. 92.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NWL has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Newell Brands from $3.75 to $4.25 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Newell Brands in a research note on Friday, May 15th. Royal Bank Of Canada set a $4.00 price objective on shares of Newell Brands in a research note on Thursday, April 9th. Morgan Stanley downgraded shares of Newell Brands from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $4.00 to $3.50 in a research note on Wednesday, May 20th. Finally, Barclays reduced their price objective on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Newell Brands presently has an average rating of “Hold” and an average target price of $4.94.

Insider Transactions at Newell Brands

In other news, insider Kristine Kay Malkoski sold 10,850 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $3.65, for a total value of $39,602.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Melanie Arlene Huet sold 91,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.50, for a total transaction of $409,500.00. Following the completion of the transaction, the insider owned 867 shares in the company, valued at approximately $3,901.50. The trade was a 99.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 202,750 shares of company stock worth $812,397. 1.64% of the stock is currently owned by insiders.

Newell Brands Trading Up 4.9%

Newell Brands stock opened at $4.97 on Thursday. The firm’s 50-day moving average is $4.03 and its 200-day moving average is $4.04. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.51 and a current ratio of 1.04. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $6.64. The company has a market cap of $2.11 billion, a P/E ratio of -7.42, a PEG ratio of 5.82 and a beta of 1.01.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. On average, equities analysts expect that Newell Brands Inc. will post 0.57 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Friday, May 29th. Newell Brands’s dividend payout ratio (DPR) is presently -41.79%.

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.