Royal Bank of Canada Buys 112,177 Shares of Newell Brands Inc. $NWL

Royal Bank of Canada raised its stake in Newell Brands Inc. (NASDAQ:NWL) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,300,646 shares of the company’s stock after purchasing an additional 112,177 shares during the quarter. Royal Bank of Canada’s holdings in Newell Brands were worth $4,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NWL. Goldman Sachs Group Inc. grew its holdings in Newell Brands by 47.3% during the first quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock worth $3,497,000 after buying an additional 181,113 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Newell Brands by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock valued at $8,073,000 after acquiring an additional 153,658 shares in the last quarter. Focus Partners Wealth boosted its holdings in Newell Brands by 47.0% during the 1st 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. Intech Investment Management LLC bought a new stake in shares of Newell Brands in the 1st quarter worth $1,326,000. Finally, Cetera Investment Advisers grew its stake in shares of Newell Brands by 37.8% in the 2nd quarter. Cetera Investment Advisers now owns 38,661 shares of the company’s stock worth $209,000 after acquiring an additional 10,612 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Insider Buying and Selling

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider directly owned 433,398 shares of the company’s stock, valued at approximately $2,669,731.68. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kristine Kay Malkoski sold 10,850 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The SEC filing for this sale provides additional information. Insiders sold a total of 211,750 shares of company stock worth $1,018,896 in the last ninety days. 1.64% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NWL shares. Royal Bank Of Canada raised their price target on shares of Newell Brands from $4.00 to $5.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. UBS Group increased their price objective on shares of Newell Brands from $4.75 to $5.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Morgan Stanley reissued an “underweight” rating and set a $5.75 target price on shares of Newell Brands in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 target price on shares of Newell Brands in a research note on Monday, August 3rd. Finally, Canaccord Genuity Group upped their target price on Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four 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 price target of $6.66.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $6.17 on Friday. The company’s 50-day moving average is $5.35 and its 200 day moving average is $4.52. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. The company has a market capitalization of $2.63 billion, a P/E ratio of -11.64, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $7.13.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.22. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts forecast that Newell Brands Inc. will post 0.76 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s payout ratio is -52.83%.

About Newell Brands

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.