Pingora Partners LLC Invests $602,000 in Newell Brands Inc. $NWL

Pingora Partners LLC purchased a new position in Newell Brands Inc. (NASDAQ:NWL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,060 shares of the company’s stock, valued at approximately $602,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Newell Brands by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock worth $70,000 after acquiring an additional 1,887 shares in the last quarter. California State Teachers Retirement System raised its holdings in Newell Brands by 0.6% in the second quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock worth $2,078,000 after purchasing an additional 2,108 shares in the last quarter. The Manufacturers Life Insurance Company lifted 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 buying an additional 2,171 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Newell Brands by 19.6% during the 2nd quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock valued at $76,000 after buying an additional 2,308 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Newell Brands by 14.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company’s stock worth $68,000 after buying an additional 2,456 shares during the period. 92.50% of the stock is owned by institutional investors.

Newell Brands Stock Up 0.5%

NASDAQ:NWL opened at $5.96 on Thursday. 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 firm has a market cap of $2.54 billion, a P/E ratio of -11.25, a P/E/G ratio of 1.47 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. The firm has a 50-day simple moving average of $5.62 and a two-hundred day simple moving average of $4.62.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.22. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The business’s revenue for the quarter 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. Analysts predict that Newell Brands Inc. will post 0.76 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

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

Wall Street Analysts Forecast Growth

NWL has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a research note on Wednesday, August 12th. Barclays lifted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Zacks Research upgraded Newell Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price objective on shares of Newell Brands in a research 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 issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.66.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 100,000 shares of the company’s 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 transaction, the insider directly owned 433,398 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. 1.64% of the stock is owned by corporate insiders.

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.