Pingora Partners LLC Makes New $602,000 Investment in Newell Brands Inc. $NWL

Pingora Partners LLC acquired a new position in Newell Brands Inc. (NASDAQ:NWL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 98,060 shares of the company’s stock, valued at approximately $602,000.

Several other institutional investors have also recently modified their holdings of NWL. GAMMA Investing LLC raised its holdings in shares of Newell Brands by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock valued at $70,000 after buying an additional 1,887 shares in the last quarter. California State Teachers Retirement System grew its position in Newell Brands by 0.6% during the second quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock valued at $2,078,000 after acquiring an additional 2,108 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Newell Brands by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 78,967 shares of the company’s stock valued at $294,000 after acquiring an additional 2,171 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Newell Brands by 19.6% during the second quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock worth $76,000 after acquiring an additional 2,308 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Newell Brands by 14.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company’s stock worth $68,000 after acquiring an additional 2,456 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Up 0.5%

Shares of NASDAQ NWL opened at $5.96 on Thursday. The firm’s fifty day moving average is $5.62 and its 200 day moving average is $4.62. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $7.13. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 1.85. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -11.25, a PEG ratio of 1.47 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.22. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. 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 expect that Newell Brands Inc. will post 0.76 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.28 annualized dividend and a dividend yield of 4.7%. Newell Brands’s dividend payout ratio (DPR) is presently -52.83%.

Insider Activity

In related news, insider Bradford R. Turner sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the transaction, the insider owned 433,398 shares in the company, valued at $2,669,731.68. The trade was a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.64% of the stock is owned by insiders.

Analysts Set New Price Targets

NWL has been the subject of a number of research reports. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. UBS Group lifted their target price on shares of Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Newell Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price target on shares of Newell Brands in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada raised their price objective on Newell Brands from $4.00 to $5.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.66.

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.