47,990,664 Shares in Newell Brands Inc. $NWL Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the second quarter, Holdings Channel reports. The fund bought 47,990,664 shares of the company’s stock, valued at approximately $294,663,000. Pzena Investment Management LLC owned about 0.11% of Newell Brands at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Newell Brands in the second quarter worth $436,133,000. AQR Capital Management LLC lifted its holdings in Newell Brands by 197.8% during the 4th quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock worth $78,741,000 after buying an additional 14,059,209 shares during the period. Rubric Capital Management LP bought a new stake in shares of Newell Brands in the 3rd quarter valued at about $68,120,000. Squarepoint Ops LLC grew its position in shares of Newell Brands by 1,568.3% in the 3rd quarter. Squarepoint Ops LLC now owns 3,795,058 shares of the company’s stock valued at $19,886,000 after buying an additional 3,567,581 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Newell Brands in the second quarter valued at about $15,135,000. Institutional investors own 92.50% of the company’s stock.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Kristine Kay Malkoski sold 10,850 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.60, for a total value of $360,000.00. Following the sale, the insider directly 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. In the last three months, insiders sold 211,750 shares of company stock worth $1,018,896. Insiders own 1.64% of the company’s stock.

Newell Brands Stock Down 3.2%

NWL opened at $6.04 on Tuesday. 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 market capitalization of $2.57 billion, a P/E ratio of -11.40, a PEG ratio of 1.54 and a beta of 0.88. The company’s 50-day moving average is $5.44 and its 200 day moving average is $4.54. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. 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. Research analysts expect that Newell Brands Inc. will post 0.76 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on NWL. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of Newell Brands in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a research note on Wednesday, August 12th. Barclays boosted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Newell Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Canaccord Genuity Group boosted their price objective on Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.66.

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.