Saba Capital Management L.P. Grows Position in Newell Brands Inc. $NWL

Saba Capital Management L.P. grew its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 183.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,795,447 shares of the company’s stock after acquiring an additional 1,162,985 shares during the quarter. Saba Capital Management L.P.’s holdings in Newell Brands were worth $6,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC raised its stake in Newell Brands by 510.3% in the fourth quarter. Intech Investment Management LLC now owns 483,491 shares of the company’s stock valued at $1,799,000 after purchasing an additional 404,269 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Newell Brands in the 1st quarter worth approximately $638,000. Pzena Investment Management LLC grew its stake in Newell Brands by 5.0% in the 4th quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock worth $186,073,000 after buying an additional 2,375,782 shares in the last quarter. CastleKnight Management LP increased its holdings in shares of Newell Brands by 397.9% in the 4th quarter. CastleKnight Management LP now owns 864,914 shares of the company’s stock worth $3,217,000 after buying an additional 691,214 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Newell Brands by 2,437.3% in the 4th quarter. M&T Bank Corp now owns 338,051 shares of the company’s stock worth $1,258,000 after buying an additional 324,728 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 2.0%

NWL stock opened at $5.18 on Tuesday. The company has a market capitalization of $2.20 billion, a PE ratio of -7.73, a price-to-earnings-growth ratio of 6.22 and a beta of 0.87. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.51 and a current ratio of 1.04. Newell Brands Inc. has a one year low of $3.07 and a one year high of $6.64. The company’s 50 day moving average price is $4.75 and its two-hundred day moving average price is $4.36.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm’s revenue was down 1.1% on a year-over-year basis. 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. As a group, analysts predict that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.28 annualized dividend and a yield of 5.4%. Newell Brands’s payout ratio is currently -41.79%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a report on Friday, May 15th. Morgan Stanley cut Newell Brands from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $4.00 to $3.50 in a research note on Wednesday, May 20th. Royal Bank Of Canada set a $4.00 price target on Newell Brands in a research report on Thursday, April 9th. UBS Group lifted their price target on Newell Brands from $4.25 to $4.75 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays upped their price objective on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.38.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 100,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the sale, the insider owned 464,449 shares of the company’s stock, valued at approximately $1,672,016.40. The trade was a 17.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Melanie Arlene Huet sold 91,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the completion of the sale, the insider directly owned 867 shares of the company’s stock, valued at approximately $3,901.50. This trade represents a 99.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 202,750 shares of company stock worth $812,396 over the last three months. Company insiders own 1.64% of the company’s stock.

Newell Brands Company Profile

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.