Ieq Capital LLC Takes $1.49 Million Position in Newell Brands Inc. $NWL

Ieq Capital LLC bought a new position in Newell Brands Inc. (NASDAQ:NWL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 242,560 shares of the company’s stock, valued at approximately $1,489,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in 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 buying an additional 1,887 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Newell Brands by 0.6% in the second quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock valued at $2,078,000 after acquiring an additional 2,108 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Newell Brands by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 78,967 shares of the company’s stock valued at $294,000 after acquiring an additional 2,171 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Newell Brands by 19.6% in the 2nd quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock worth $76,000 after acquiring an additional 2,308 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Newell Brands by 14.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company’s stock worth $68,000 after acquiring an additional 2,456 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Insider Activity at Newell Brands

In other news, insider Bradford R. Turner sold 100,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the transaction, the insider owned 433,398 shares of the company’s stock, valued at $2,669,731.68. This represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.64% of the company’s stock.

Newell Brands Stock Performance

Newell Brands stock opened at $5.96 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $7.13. The company has a market cap of $2.54 billion, a PE ratio of -11.25, a PEG ratio of 1.47 and a beta of 0.88. The company’s 50-day moving average is $5.62 and its two-hundred day moving average is $4.62.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.20 by $0.22. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. Newell Brands’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. 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. Equities analysts anticipate that Newell Brands Inc. will post 0.76 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.07 per share. 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 presently -52.83%.

Analysts Set New Price Targets

NWL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of Newell Brands in a report on Monday, August 3rd. Barclays lifted their price target on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased 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. Citigroup raised their price objective on shares of Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Finally, UBS Group boosted their target price on shares of Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.