Legal & General Group Plc Takes $6.93 Million Position in Newell Brands Inc. $NWL

Legal & General Group Plc bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,129,269 shares of the company’s stock, valued at approximately $6,933,000. Legal & General Group Plc owned 0.27% of Newell Brands at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Newell Brands in the 2nd quarter valued at $436,133,000. Pzena Investment Management LLC acquired a new stake in shares of Newell Brands during the second quarter worth $294,663,000. AQR Capital Management LLC boosted its position in shares of Newell Brands by 197.8% in the fourth quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock valued at $78,741,000 after acquiring an additional 14,059,209 shares during the period. Rubric Capital Management LP bought a new stake in shares of Newell Brands in the third quarter valued at about $68,120,000. Finally, Squarepoint Ops LLC grew its stake in shares of Newell Brands by 1,568.3% in the third quarter. Squarepoint Ops LLC now owns 3,795,058 shares of the company’s stock valued at $19,886,000 after acquiring an additional 3,567,581 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the transaction, the insider owned 433,398 shares in the company, valued at approximately $2,669,731.68. This trade represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $5.98 on Thursday. The firm has a 50 day moving average of $5.71 and a 200-day moving average of $4.67. Newell Brands Inc. has a 12 month low of $3.07 and a 12 month high of $7.13. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $2.55 billion, a PE ratio of -11.28, a PEG ratio of 1.47 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.22. The business had revenue of $1.99 billion for 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 firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business 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. On average, equities research analysts predict that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Announces Dividend

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

Wall Street Analysts Forecast Growth

NWL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of Newell Brands in a research note on Monday, August 3rd. Citigroup increased their target price on shares of Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. UBS Group raised their target price on shares of Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Royal Bank Of Canada lifted their price target on shares of Newell Brands from $4.00 to $5.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $5.75 price target on shares of Newell Brands in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.66.

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.