Newell Brands (NASDAQ:NWL) Insider Sells $360,000.00 in Stock

Newell Brands Inc. (NASDAQ:NWL) insider Bradford Turner sold 100,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 464,449 shares of the company’s stock, valued at $1,672,016.40. The trade was a 17.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Newell Brands Trading Up 1.7%

NWL stock traded up $0.06 on Wednesday, reaching $3.66. The company’s stock had a trading volume of 5,886,807 shares, compared to its average volume of 6,018,553. The business has a fifty day simple moving average of $3.86 and a two-hundred day simple moving average of $3.96. Newell Brands Inc. has a 12-month low of $3.07 and a 12-month high of $6.64. The firm has a market cap of $1.56 billion, a PE ratio of -5.46, a PEG ratio of 4.47 and a beta of 1.06. 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 (NASDAQ:NWL) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate 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 in the prior 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. As a group, research analysts forecast that Newell Brands Inc. will post 0.57 EPS for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.07 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.28 dividend on an annualized basis and a yield of 7.7%. Newell Brands’s dividend payout ratio is -41.79%.

Hedge Funds Weigh In On Newell Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP increased 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 acquiring an additional 4,317 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Newell Brands during the fourth quarter valued at $30,000. Vise Technologies Inc. bought a new position in shares of Newell Brands during the third quarter valued at $54,000. HighPoint Advisor Group LLC bought a new position in shares of Newell Brands during the fourth quarter valued at $39,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Newell Brands during the third quarter valued at $54,000. 92.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NWL. Barclays decreased their price objective on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. UBS Group increased their price objective on Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Monday, May 4th. Canaccord Genuity Group increased their price objective on Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Royal Bank Of Canada set a $4.00 price objective on Newell Brands in a report on Thursday, April 9th. Finally, Citigroup increased their price objective on Newell Brands from $4.00 to $4.75 and gave the stock a “neutral” rating in a report on Monday, May 4th. Three investment 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 presently has a consensus rating of “Hold” and a consensus price target of $4.94.

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.