Newell Brands Inc. $NWL Shares Acquired by Rubric Capital Management LP

Rubric Capital Management LP lifted its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,257,431 shares of the company’s stock after acquiring an additional 2,257,431 shares during the quarter. Rubric Capital Management LP’s holdings in Newell Brands were worth $52,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC boosted its holdings in Newell Brands by 5.0% in the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock valued at $186,073,000 after purchasing an additional 2,375,782 shares during the period. AQR Capital Management LLC increased its holdings in Newell Brands by 197.8% during the 4th quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock worth $78,741,000 after purchasing an additional 14,059,209 shares during the period. Deprince Race & Zollo Inc. increased its holdings in Newell Brands by 0.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 18,802,600 shares of the company’s stock worth $69,946,000 after purchasing an additional 131,796 shares during the period. State Street Corp raised its position in Newell Brands by 2.1% in the 4th quarter. State Street Corp now owns 14,615,775 shares of the company’s stock valued at $54,371,000 after purchasing an additional 295,001 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Newell Brands by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 7,442,619 shares of the company’s stock valued at $27,693,000 after purchasing an additional 866,984 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.60, for a total transaction of $360,000.00. Following the sale, the insider owned 464,449 shares of the company’s stock, valued at approximately $1,672,016.40. This trade represents a 17.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kristine Kay Malkoski sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total transaction of $39,602.50. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 202,750 shares of company stock valued at $812,396. 1.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NWL has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Newell Brands in a research note on Friday, May 15th. JPMorgan Chase & Co. upped their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. UBS Group raised their target price on shares of Newell Brands from $4.25 to $4.75 and gave the company a “neutral” rating in a report on Thursday, July 16th. Royal Bank Of Canada set a $4.00 price target on shares of Newell Brands in a report on Thursday, April 9th. Finally, Citigroup reissued a “neutral” rating on shares of Newell Brands in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.38.

Newell Brands Trading Up 2.0%

NASDAQ:NWL opened at $5.18 on Tuesday. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $6.64. The stock has a market cap of $2.20 billion, a P/E ratio of -7.73, a P/E/G 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. The stock has a 50-day simple moving average of $4.75 and a 200-day simple moving average of $4.36.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. 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 anticipate that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business 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. This represents a $0.28 annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, May 29th. Newell Brands’s dividend payout ratio is currently -41.79%.

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.