Parallax Volatility Advisers L.P. Makes New $1.23 Million Investment in Newell Brands Inc. $NWL

Parallax Volatility Advisers L.P. purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $1,228,000.

Several other hedge funds have also made changes to their positions in the business. Quarry LP raised its stake in Newell Brands by 139.3% during the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after acquiring an additional 4,317 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth $30,000. Citizens Financial Group Inc. RI acquired a new position in Newell Brands in the 4th quarter valued at $39,000. HighPoint Advisor Group LLC purchased a new position in Newell Brands during the 4th quarter worth $39,000. Finally, 111 Capital acquired a new stake in shares of Newell Brands in the 4th quarter worth $39,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Insider Transactions at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the sale, the insider owned 433,398 shares in the company, valued at approximately $2,669,731.68. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.64% of the company’s stock.

Analyst Ratings Changes

NWL has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. UBS Group boosted 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. Citigroup raised their price target on Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Royal Bank Of Canada upped their price objective on Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. Finally, Zacks Research upgraded Newell Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.66.

Newell Brands Trading Up 0.5%

Shares of NWL stock opened at $5.96 on Thursday. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $7.13. The stock has a market cap of $2.54 billion, a P/E ratio of -11.25, a P/E/G ratio of 1.47 and a beta of 0.88. The business has a fifty day simple moving average of $5.62 and a 200-day simple moving average of $4.62. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 1.85.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, July 31st. The company reported $0.42 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 business’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 earned $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, analysts forecast that Newell Brands Inc. will post 0.76 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed 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. This represents a $0.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, August 31st. Newell Brands’s 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.