Versor Investments LP Lowers Stake in Newell Brands Inc. $NWL

Versor Investments LP cut its stake in Newell Brands Inc. (NASDAQ:NWL) by 32.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,800 shares of the company’s stock after selling 22,900 shares during the period. Versor Investments LP’s holdings in Newell Brands were worth $258,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $35,000. Parallel Advisors LLC grew its holdings in Newell Brands by 194.3% during the 2nd quarter. Parallel Advisors LLC now owns 8,067 shares of the company’s stock valued at $44,000 after purchasing an additional 5,326 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Newell Brands during the 2nd quarter worth $55,000. OMNI 360 Wealth Inc. acquired a new position in Newell Brands in the 2nd quarter worth $58,000. Finally, Earned Wealth Advisors LLC purchased a new position in Newell Brands in the 2nd quarter valued at about $60,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Down 3.4%

NWL stock opened at $3.11 on Friday. Newell Brands Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $11.78. The stock has a market cap of $1.30 billion, a PE ratio of -51.82 and a beta of 1.02. The firm’s 50-day simple moving average is $5.17 and its 200 day simple moving average is $5.38. 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 issued its quarterly earnings results on Friday, October 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a negative net margin of 0.33% and a positive return on equity of 8.64%. Newell Brands’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the business posted $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. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Friday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently -466.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NWL shares. Royal Bank Of Canada cut their price target on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Monday. Canaccord Genuity Group cut their target price on Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target 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. Weiss Ratings restated a “sell (d-)” rating on shares of Newell Brands in a research note on Wednesday, October 8th. Finally, Citigroup reduced their price objective on shares of Newell Brands from $5.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.86.

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.