Quantbot Technologies LP Invests $810,000 in Newell Brands Inc. $NWL

Quantbot Technologies LP acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 150,063 shares of the company’s stock, valued at approximately $810,000.

A number of other large investors have also bought and sold shares of NWL. Hussman Strategic Advisors Inc. bought a new stake in shares of Newell Brands in the second quarter valued at about $567,000. Russell Investments Group Ltd. raised its position in Newell Brands by 6.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,953,832 shares of the company’s stock valued at $21,354,000 after buying an additional 244,584 shares during the last quarter. SG Americas Securities LLC lifted its stake in Newell Brands by 388.8% in the 2nd quarter. SG Americas Securities LLC now owns 590,162 shares of the company’s stock valued at $3,187,000 after acquiring an additional 469,427 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Newell Brands by 37.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 197,721 shares of the company’s stock worth $1,155,000 after acquiring an additional 54,320 shares during the last quarter. Finally, Norges Bank acquired a new position in Newell Brands during the 2nd quarter worth approximately $20,196,000. 92.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NWL has been the topic of a number of research reports. Canaccord Genuity Group cut their price objective on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Newell Brands in a research report on Monday. Royal Bank Of Canada lowered their target price on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Citigroup reduced their price target on Newell Brands from $5.50 to $3.50 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, UBS Group decreased their price target on Newell Brands from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and an average price target of $5.69.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $3.64 on Wednesday. Newell Brands Inc. has a twelve month low of $3.07 and a twelve month high of $11.78. The company has a market cap of $1.53 billion, a PE ratio of -60.66 and a beta of 0.90. The business’s 50 day moving average price is $4.11 and its two-hundred day moving average price is $5.08. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 1.68.

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

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, November 28th. Newell Brands’s dividend payout ratio (DPR) is currently -466.67%.

Newell Brands 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.