Parallel Advisors LLC Boosts Holdings in Newell Brands Inc. $NWL

Parallel Advisors LLC boosted its position in Newell Brands Inc. (NASDAQ:NWL) by 194.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,067 shares of the company’s stock after acquiring an additional 5,326 shares during the quarter. Parallel Advisors LLC’s holdings in Newell Brands were worth $44,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NWL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Newell Brands by 17.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,148,360 shares of the company’s stock valued at $11,438,000 after acquiring an additional 170,003 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Newell Brands by 70.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,683 shares of the company’s stock valued at $644,000 after acquiring an additional 26,688 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Newell Brands in the fourth quarter valued at approximately $3,858,000. GAMMA Investing LLC raised its holdings in Newell Brands by 399.0% in the first quarter. GAMMA Investing LLC now owns 100,589 shares of the company’s stock valued at $624,000 after acquiring an additional 80,431 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock valued at $63,000 after acquiring an additional 10,258 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. cut their price objective on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. UBS Group upped their target price on shares of Newell Brands from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Thursday, July 17th. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $11.00 to $9.00 and set a “buy” rating for the company in a report on Monday, August 4th. Finally, Citigroup upped their target price on shares of Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.44.

Newell Brands Trading Up 0.4%

Shares of Newell Brands stock opened at $5.17 on Friday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -8.76 and a beta of 0.99. The company has a fifty day simple moving average of $5.68 and a 200-day simple moving average of $5.58. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. Newell Brands’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. On average, equities analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 5.4%. Newell Brands’s dividend payout ratio is currently -47.46%.

Insiders Place Their Bets

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the sale, the chief executive officer owned 52,007 shares in the company, valued at $265,755.77. This represents a 14.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by corporate insiders.

About Newell Brands

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.