2,402,355 Shares in Newell Brands Inc. $NWL Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC bought a new stake in Newell Brands Inc. (NASDAQ:NWL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,402,355 shares of the company’s stock, valued at approximately $12,973,000. Bridgeway Capital Management LLC owned 0.57% of Newell Brands as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hussman Strategic Advisors Inc. acquired a new stake in shares of Newell Brands during the 2nd quarter worth $567,000. Norges Bank acquired a new position in Newell Brands in the second quarter valued at $20,196,000. Russell Investments Group Ltd. grew its position in Newell Brands by 6.6% during the second quarter. Russell Investments Group Ltd. now owns 3,953,832 shares of the company’s stock valued at $21,354,000 after acquiring an additional 244,584 shares during the period. Cooper Creek Partners Management LLC grew its position in Newell Brands by 48.8% during the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock valued at $140,322,000 after acquiring an additional 8,526,698 shares during the period. Finally, SG Americas Securities LLC increased its stake in Newell Brands by 388.8% during the second quarter. SG Americas Securities LLC now owns 590,162 shares of the company’s stock worth $3,187,000 after acquiring an additional 469,427 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NWL. UBS Group reduced their price objective on Newell Brands from $5.50 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. Citigroup reduced their price target on shares of Newell Brands from $5.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Newell Brands in a research report on Monday. Royal Bank Of Canada cut their target price on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Monday, November 3rd. Finally, Canaccord Genuity Group decreased their price target on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Newell Brands currently has a consensus rating of “Hold” and an average price target of $5.69.

Newell Brands Trading Down 1.6%

NASDAQ NWL opened at $3.81 on Friday. The stock has a market cap of $1.60 billion, a P/E ratio of -63.49 and a beta of 0.90. The company’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $5.05. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $11.45.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Newell Brands had a negative net margin of 0.33% and a positive return on equity of 8.64%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $0.16 earnings per share. Newell Brands’s revenue for the quarter was down 7.2% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS and its Q4 2025 guidance at 0.160-0.200 EPS. Equities research analysts predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, November 28th. Newell Brands’s payout ratio is presently -466.67%.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.