Jupiter Topco LLC Acquires New Shares in Newell Brands Inc. $NWL

Jupiter Topco LLC bought a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 189,700 shares of the company’s stock, valued at approximately $1,162,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP lifted its holdings in shares of Newell Brands by 139.3% during the fourth quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after purchasing an additional 4,317 shares in the last quarter. Summit Securities Group LLC bought a new stake in Newell Brands in the 4th quarter worth about $30,000. HighPoint Advisor Group LLC bought a new stake in Newell Brands in the 4th quarter worth about $39,000. 111 Capital purchased a new position in Newell Brands in the 4th quarter worth about $39,000. Finally, Amundi purchased a new position in Newell Brands in the 4th quarter worth about $39,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 0.7%

Shares of NASDAQ:NWL opened at $6.11 on Friday. The stock’s 50-day simple moving average is $5.72 and its two-hundred day simple moving average is $4.69. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -11.53, a PEG ratio of 1.51 and a beta of 0.89. Newell Brands Inc. has a 52-week low of $3.07 and a 52-week high of $7.13. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.20 by $0.22. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Analysts expect that Newell Brands Inc. will post 0.76 EPS for the current year.

Newell Brands Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on NWL shares. Wall Street Zen raised shares of Newell Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Morgan Stanley reissued an “underweight” rating and set a $5.75 price objective on shares of Newell Brands in a report on Thursday, August 6th. Canaccord Genuity Group increased their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price 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. Finally, Weiss Ratings raised shares of Newell Brands from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Newell Brands has a consensus rating of “Hold” and a consensus price target of $6.66.

Insider Activity

In other news, insider Bradford 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 value of $616,000.00. Following the completion of the sale, the insider directly owned 433,398 shares in the company, 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 at this link. 1.64% of the stock is currently owned by 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.