Versor Investments LP Acquires 23,400 Shares of Newell Brands Inc. $NWL

Versor Investments LP raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 49.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,700 shares of the company’s stock after acquiring an additional 23,400 shares during the quarter. Versor Investments LP’s holdings in Newell Brands were worth $438,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Newell Brands during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC grew its stake in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock worth $38,000 after acquiring an additional 4,169 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock worth $63,000 after acquiring an additional 10,258 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Newell Brands during the 1st quarter worth approximately $69,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Newell Brands during the 4th quarter worth approximately $127,000. 92.50% of the stock is owned by institutional investors.

Insider Transactions at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the sale, the chief executive officer owned 52,007 shares of the company’s stock, valued at $265,755.77. This trade represents a 14.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Newell Brands Trading Down 4.8%

Shares of Newell Brands stock opened at $5.57 on Thursday. The business has a fifty day simple moving average of $5.53 and a two-hundred day simple moving average of $5.84. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -9.44 and a beta of 0.96. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm posted $0.36 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a yield of 5.0%. Newell Brands’s dividend payout ratio (DPR) is currently -47.46%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Barclays raised their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Canaccord Genuity Group decreased their target price on shares of Newell Brands from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, August 4th. UBS Group raised their target price on shares of Newell Brands from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Citigroup reissued a “neutral” rating and issued a $6.00 target price (up from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.44.

About Newell Brands

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.