Newell Brands (NASDAQ:NWL) Stock Price Down 6% – What’s Next?

Shares of Newell Brands Inc. (NASDAQ:NWL) traded down 6% on Friday . The stock traded as low as $5.10 and last traded at $5.1050. Approximately 4,529,798 shares traded hands during trading, a decline of 42% from the average daily volume of 7,863,492 shares. The stock had previously closed at $5.43.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Newell Brands from $5.00 to $3.00 and set a “hold” rating for the company in a report on Monday, March 30th. UBS Group boosted their price objective on shares of Newell Brands from $4.25 to $4.75 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup reaffirmed a “neutral” rating on shares of Newell Brands in a research report on Tuesday. Morgan Stanley lowered shares of Newell Brands from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $4.00 to $3.50 in a research note on Wednesday, May 20th. Finally, Barclays reduced their price target on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.12.

Newell Brands Stock Performance

The company has a market cap of $2.17 billion, a PE ratio of -7.60, a PEG ratio of 6.34 and a beta of 0.87. The stock has a 50 day simple moving average of $4.58 and a two-hundred day simple moving average of $4.29. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.04 and a quick ratio of 0.51.

Newell Brands (NASDAQ:NWL) last announced its 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. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. 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. Equities analysts predict that Newell Brands Inc. will post 0.57 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, May 29th. Newell Brands’s dividend payout ratio (DPR) is presently -41.79%.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 100,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.60, for a total transaction of $360,000.00. Following the completion of the sale, the insider owned 464,449 shares in the company, valued at approximately $1,672,016.40. This represents a 17.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $409,500.00. Following the transaction, the insider directly owned 867 shares in the company, valued at approximately $3,901.50. This represents a 99.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 202,750 shares of company stock worth $812,396. 1.64% of the stock is owned by company insiders.

Institutional Trading of Newell Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prosperity Planning Inc. lifted its position in Newell Brands by 30.6% during the 2nd quarter. Prosperity Planning Inc. now owns 129,776 shares of the company’s stock worth $797,000 after acquiring an additional 30,424 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Newell Brands by 19.8% during the second quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock worth $70,000 after purchasing an additional 1,887 shares during the period. Glenmede Trust Co. NA increased its stake in Newell Brands by 41.8% in the 1st quarter. Glenmede Trust Co. NA now owns 37,969 shares of the company’s stock valued at $130,000 after buying an additional 11,187 shares during the period. Bank of America Corp DE increased its stake in Newell Brands by 40.0% in the 1st quarter. Bank of America Corp DE now owns 1,122,742 shares of the company’s stock valued at $3,851,000 after buying an additional 320,770 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in Newell Brands during the 1st quarter worth $769,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.