Dynamic Technology Lab Private Ltd Takes $836,000 Position in Newell Brands Inc. $NWL

Dynamic Technology Lab Private Ltd acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 154,811 shares of the company’s stock, valued at approximately $836,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. purchased a new stake in shares of Newell Brands during the 2nd quarter worth $567,000. Russell Investments Group Ltd. raised its holdings in Newell Brands by 12.8% in the first quarter. Russell Investments Group Ltd. now owns 3,709,248 shares of the company’s stock worth $22,999,000 after purchasing an additional 420,638 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Newell Brands by 388.8% during the second quarter. SG Americas Securities LLC now owns 590,162 shares of the company’s stock valued at $3,187,000 after buying an additional 469,427 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Newell Brands by 37.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 197,721 shares of the company’s stock valued at $1,155,000 after buying an additional 54,320 shares in the last quarter. Finally, CM Management LLC purchased a new position in shares of Newell Brands in the 1st quarter worth approximately $310,000. 92.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on NWL shares. JPMorgan Chase & Co. decreased 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 report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Newell Brands in a report on Wednesday. Morgan Stanley reissued a “hold” rating and issued a $4.25 price objective on shares of Newell Brands in a research report on Monday, November 3rd. Citigroup reduced their target price on Newell Brands from $5.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their price target on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating for the company in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and an average target price of $5.86.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $3.34 on Friday. Newell Brands Inc. has a twelve month low of $3.07 and a twelve month high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The company has a market cap of $1.40 billion, a PE ratio of -55.66 and a beta of 1.02. The company’s 50 day moving average is $4.55 and its 200 day moving average is $5.25.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, October 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Newell Brands had a negative net margin of 0.33% and a positive return on equity of 8.64%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. On average, sell-side analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Friday, November 28th. Newell Brands’s dividend payout ratio (DPR) is currently -466.67%.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.