Newell Brands (NASDAQ:NWL) Stock Price Up 6.9% – Here’s What Happened

Newell Brands Inc. (NASDAQ:NWL) was up 6.9% during trading on Wednesday . The stock traded as high as $5.15 and last traded at $5.0650. Approximately 1,171,670 shares traded hands during trading, a decline of 82% from the average daily volume of 6,650,166 shares. The stock had previously closed at $4.74.

Analysts Set New Price Targets

Several research analysts recently commented on NWL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a research report on Friday, May 15th. Citigroup increased their price target on Newell Brands from $4.00 to $4.75 and gave the company a “neutral” rating in a research report on Monday, May 4th. UBS Group increased their price target on Newell Brands from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Monday, May 4th. Barclays cut their price objective on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada set a $4.00 price objective on Newell Brands in a research report on Thursday, April 9th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Newell Brands has an average rating of “Hold” and an average target price of $4.94.

Newell Brands Stock Performance

The company has a market cap of $2.17 billion, a P/E ratio of -7.63, a price-to-earnings-growth ratio of 5.85 and a beta of 1.01. The company has a quick ratio of 0.51, a current ratio of 1.04 and a debt-to-equity ratio of 1.94. The stock has a 50 day moving average price of $4.00 and a two-hundred day moving average price of $4.03.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) earnings per share. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. On average, research analysts predict that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, May 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.5%. Newell Brands’s dividend payout ratio (DPR) is -41.79%.

Insider Transactions at Newell Brands

In other news, insider Melanie Arlene Huet sold 91,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.50, for a total transaction of $409,500.00. Following the transaction, the insider owned 867 shares in the company, valued at approximately $3,901.50. This trade represents a 99.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford R. Turner sold 100,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the transaction, the insider owned 464,449 shares in the company, valued at approximately $1,672,016.40. This trade represents a 17.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 202,750 shares of company stock worth $812,397. Company insiders own 1.64% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

A number of hedge funds have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA increased its stake in Newell Brands by 41.8% during the 1st quarter. Glenmede Trust Co. NA now owns 37,969 shares of the company’s stock worth $130,000 after acquiring an additional 11,187 shares during the period. Bank of America Corp DE increased its stake in Newell Brands by 40.0% during the 1st quarter. Bank of America Corp DE now owns 1,122,742 shares of the company’s stock worth $3,851,000 after acquiring an additional 320,770 shares during the period. Kentucky Retirement Systems bought a new position in Newell Brands during the 1st quarter worth $769,000. Bull Harbor Capital LLC bought a new position in Newell Brands during the 1st quarter worth $78,000. Finally, Amundi increased its stake in Newell Brands by 260.3% during the 1st quarter. Amundi now owns 37,595 shares of the company’s stock worth $129,000 after acquiring an additional 27,162 shares during the period. Institutional investors own 92.50% of the company’s stock.

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.