Rep. Pete Stauber Buys Newell Brands Inc. (NASDAQ:NWL) Shares

Representative Pete Stauber (R-Minnesota) recently bought shares of Newell Brands Inc. (NASDAQ:NWL). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $15,001 and $50,000 in Newell Brands stock on October 27th.

Newell Brands Trading Up 1.6%

NWL stock traded up $0.06 during trading on Monday, reaching $3.40. The company had a trading volume of 10,725,557 shares, compared to its average volume of 9,093,773. The business has a 50 day moving average of $4.55 and a 200 day moving average of $5.25. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.57. The company has a market cap of $1.42 billion, a P/E ratio of -56.57 and a beta of 1.02. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $11.78.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 31st. The company reported $0.17 EPS 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 during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business earned $0.16 EPS. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. As a group, sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 8.2%. Newell Brands’s payout ratio is currently -466.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cooper Creek Partners Management LLC lifted its position in shares of Newell Brands by 48.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock worth $140,322,000 after purchasing an additional 8,526,698 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Newell Brands by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,765,031 shares of the company’s stock valued at $108,809,000 after acquiring an additional 172,854 shares during the period. Dimensional Fund Advisors LP grew its holdings in Newell Brands by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company’s stock worth $126,646,000 after purchasing an additional 2,336,840 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Newell Brands by 23.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock valued at $97,835,000 after purchasing an additional 3,549,220 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Newell Brands by 3.3% in the 2nd quarter. Primecap Management Co. CA now owns 14,972,100 shares of the company’s stock worth $80,849,000 after purchasing an additional 474,070 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NWL has been the subject of a number of recent research reports. Citigroup cut their price target on Newell Brands from $5.50 to $3.50 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Newell Brands in a research note on Wednesday. Morgan Stanley reissued a “hold” rating and issued a $4.25 target price on shares of Newell Brands in a report on Monday, November 3rd. JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Finally, Royal Bank Of Canada reduced their price objective on 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. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $5.86.

About Representative Stauber

Pete Stauber (Republican Party) is a member of the U.S. House, representing Minnesota’s 8th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Stauber (Republican Party) ran for re-election to the U.S. House to represent Minnesota’s 8th Congressional District. He won in the general election on November 5, 2024.

Newell Brands Company Profile

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.