Jupiter Topco LLC Acquires New Position in Newell Brands Inc. $NWL

Jupiter Topco LLC bought a new position in Newell Brands Inc. (NASDAQ:NWL) in the 2nd quarter, Holdings Channel reports. The fund bought 189,700 shares of the company’s stock, valued at approximately $1,162,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in 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 purchasing an additional 4,317 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Newell Brands in the fourth quarter worth $30,000. HighPoint Advisor Group LLC purchased a new stake in shares of Newell Brands in the fourth quarter worth $39,000. 111 Capital bought a new stake in shares of Newell Brands during the 4th quarter valued at $39,000. Finally, Amundi bought a new stake in shares of Newell Brands during the 4th quarter valued at $39,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $6.11 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -11.53, a P/E/G ratio of 1.51 and a beta of 0.89. The firm has a fifty day moving average price of $5.72 and a 200 day moving average price of $4.69. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $7.13. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results 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 company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. Newell Brands’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts expect that Newell Brands Inc. will post 0.76 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s payout ratio is -52.83%.

Insider Activity

In related news, insider Bradford Turner sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the sale, the insider directly owned 433,398 shares in the company, valued at approximately $2,669,731.68. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays upped their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Newell Brands from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. upped their price objective on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Citigroup increased their target price on Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Canaccord Genuity Group lifted their target price on Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.66.

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.