Primecap Management Co. CA Takes Position in Newell Brands Inc. $NWL

Primecap Management Co. CA acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,863,700 shares of the company’s stock, valued at approximately $36,003,000. Primecap Management Co. CA owned 1.38% of Newell Brands as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its position in Newell Brands by 139.3% in the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock worth $28,000 after purchasing an additional 4,317 shares during the period. Summit Securities Group LLC bought a new position in shares of Newell Brands during the 4th quarter valued at $30,000. Citizens Financial Group Inc. RI purchased a new position in shares of Newell Brands in the 4th quarter worth $39,000. HighPoint Advisor Group LLC purchased a new position in shares of Newell Brands in the 4th quarter worth $39,000. Finally, 111 Capital purchased a new position in shares of Newell Brands in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider directly owned 433,398 shares of the company’s stock, valued at approximately $2,669,731.68. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NWL. Canaccord Genuity Group upped their price objective on Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. UBS Group raised their target price on Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price target on shares of Newell Brands in a research note on Monday, August 3rd. Zacks Research raised shares of Newell Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada increased their price objective on shares of Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.66.

Newell Brands Stock Up 0.5%

NASDAQ NWL opened at $5.96 on Thursday. The stock’s 50 day moving average is $5.62 and its 200 day moving average is $4.62. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. Newell Brands Inc. has a 12 month low of $3.07 and a 12 month high of $7.13. The stock has a market cap of $2.54 billion, a PE ratio of -11.25, a P/E/G ratio of 1.47 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.22. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. Research analysts predict that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.07 per share. The ex-dividend date is Monday, August 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.7%. Newell Brands’s dividend payout ratio is currently -52.83%.

Newell Brands 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.