The Manufacturers Life Insurance Company Takes $1.29 Million Position in Newell Brands Inc. $NWL

The Manufacturers Life Insurance Company purchased a new position in Newell Brands Inc. (NASDAQ:NWL) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 210,880 shares of the company’s stock, valued at approximately $1,295,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Newell Brands during the second quarter valued at $436,133,000. Pzena Investment Management LLC purchased a new stake in Newell Brands in the 2nd quarter worth $294,663,000. AQR Capital Management LLC boosted its holdings in shares of Newell Brands by 197.8% during the 4th quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock valued at $78,741,000 after purchasing an additional 14,059,209 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of Newell Brands during the 3rd quarter valued at about $68,120,000. Finally, Squarepoint Ops LLC grew its position in shares of Newell Brands by 1,568.3% during the third quarter. Squarepoint Ops LLC now owns 3,795,058 shares of the company’s stock valued at $19,886,000 after purchasing an additional 3,567,581 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Newell Brands

In other news, insider Bradford Turner sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 433,398 shares of the company’s stock, valued at approximately $2,669,731.68. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.64% of the company’s stock.

Newell Brands Stock Up 0.7%

Shares of NASDAQ NWL opened at $6.11 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. Newell Brands Inc. has a 12-month low of $3.07 and a 12-month high of $7.13. The firm’s 50-day moving average price is $5.72 and its 200-day moving average price is $4.69. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -11.53, a P/E/G ratio of 1.50 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. 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 anticipate that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.07 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.6%. Newell Brands’s payout ratio is -52.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NWL shares. Canaccord Genuity Group lifted their target price on Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Morgan Stanley restated an “underweight” rating and set a $5.75 price target on shares of Newell Brands in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Newell Brands in a research note on Monday, August 3rd. UBS Group upped their price objective on Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Citigroup increased their target price on Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.