Ninety One UK Ltd Takes $5.97 Million Position in Newell Brands Inc. $NWL

Ninety One UK Ltd purchased a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,139,601 shares of the company’s stock, valued at approximately $5,972,000. Ninety One UK Ltd owned approximately 0.27% of Newell Brands at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Deprince Race & Zollo Inc. grew its stake in Newell Brands by 23.5% in the third 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 in the last quarter. World Investment Advisors increased its stake in shares of Newell Brands by 35.1% during the 3rd quarter. World Investment Advisors now owns 60,933 shares of the company’s stock worth $319,000 after purchasing an additional 15,823 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Newell Brands by 14.9% during the 3rd quarter. Brighton Jones LLC now owns 39,305 shares of the company’s stock valued at $206,000 after purchasing an additional 5,098 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Newell Brands in the 3rd quarter valued at $64,000. Finally, Corient Private Wealth LLC raised its holdings in Newell Brands by 56.5% during the second quarter. Corient Private Wealth LLC now owns 17,316 shares of the company’s stock valued at $94,000 after buying an additional 6,248 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NWL shares. UBS Group dropped their target price on shares of Newell Brands from $5.50 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, December 2nd. Citigroup lifted their price objective on Newell Brands from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Finally, Canaccord Genuity Group reduced their target price on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.72.

Newell Brands Price Performance

Shares of Newell Brands stock opened at $3.72 on Friday. The company has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $4.88. Newell Brands Inc. has a twelve month low of $3.07 and a twelve month high of $10.85. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -61.99 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $0.16 earnings per share. 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 and its Q4 2025 guidance at 0.160-0.200 EPS. Analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Friday, November 28th. Newell Brands’s dividend payout ratio (DPR) is currently -466.67%.

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.