Weiss Asset Management LP Acquires New Shares in Newell Brands Inc. $NWL

Weiss Asset Management LP acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 367,594 shares of the company’s stock, valued at approximately $1,261,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC grew its stake in Newell Brands by 5.0% in the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock valued at $186,073,000 after acquiring an additional 2,375,782 shares during the period. AQR Capital Management LLC increased its holdings in shares of Newell Brands by 197.8% in the fourth quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock worth $78,741,000 after acquiring an additional 14,059,209 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Newell Brands by 0.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 18,802,600 shares of the company’s stock worth $69,946,000 after acquiring an additional 131,796 shares in the last quarter. State Street Corp raised its position in shares of Newell Brands by 2.1% during the fourth quarter. State Street Corp now owns 14,615,775 shares of the company’s stock worth $54,371,000 after purchasing an additional 295,001 shares during the period. Finally, Rubric Capital Management LP acquired a new stake in shares of Newell Brands during the third quarter worth about $68,120,000. 92.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Newell Brands news, insider Melanie Arlene Huet sold 91,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $4.50, for a total transaction of $409,500.00. Following the sale, the insider directly owned 867 shares of the company’s stock, valued at $3,901.50. The trade was a 99.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford R. Turner sold 100,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.60, for a total transaction of $360,000.00. Following the transaction, the insider owned 464,449 shares of the company’s stock, valued at approximately $1,672,016.40. This represents a 17.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 202,750 shares of company stock valued at $812,396 in the last three months. 1.64% of the stock is currently owned by corporate insiders.

Newell Brands Price Performance

Shares of NWL opened at $5.18 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.04 and a debt-to-equity ratio of 1.94. Newell Brands Inc. has a twelve month low of $3.07 and a twelve month high of $6.64. The stock has a market capitalization of $2.20 billion, a P/E ratio of -7.73, a P/E/G ratio of 6.22 and a beta of 0.87. The company has a 50 day moving average of $4.75 and a 200-day moving average of $4.36.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.05) 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 firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities research analysts forecast that Newell Brands Inc. will post 0.57 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, May 29th. Newell Brands’s payout ratio is presently -41.79%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NWL. Morgan Stanley cut Newell Brands from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $4.00 to $3.50 in a report on Wednesday, May 20th. Barclays increased their target price on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Canaccord Genuity Group raised their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. UBS Group lifted their price target on shares of Newell Brands from $4.25 to $4.75 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.38.

Newell Brands 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.