Rep. Pete Stauber Buys Newell Brands Inc. (NASDAQ:NWL) Stock

Representative Pete Stauber (R-Minnesota) recently bought shares of Newell Brands Inc. (NASDAQ:NWL). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $15,001 and $50,000 in Newell Brands stock on October 27th.

Newell Brands Stock Performance

Shares of Newell Brands stock traded up $0.12 on Monday, reaching $3.46. 20,159,323 shares of the stock were exchanged, compared to its average volume of 9,137,327. The firm has a market capitalization of $1.45 billion, a PE ratio of -57.66 and a beta of 1.02. Newell Brands Inc. has a 1-year low of $3.07 and a 1-year high of $11.78. The business has a fifty day moving average price of $4.55 and a two-hundred day moving average price of $5.25. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $1.81 billion during 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 quarter in the previous year, the business earned $0.16 EPS. 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, research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 8.1%. Newell Brands’s payout ratio is presently -466.67%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NWL. Hussman Strategic Advisors Inc. bought a new position in shares of Newell Brands in the 2nd quarter worth about $567,000. Russell Investments Group Ltd. raised its position in shares of Newell Brands by 12.8% during the 1st 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 during the period. SG Americas Securities LLC lifted its holdings in shares of Newell Brands by 388.8% in the 2nd quarter. SG Americas Securities LLC now owns 590,162 shares of the company’s stock worth $3,187,000 after purchasing an additional 469,427 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted 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 worth $1,155,000 after purchasing an additional 54,320 shares during the last quarter. Finally, CM Management LLC acquired a new position in Newell Brands during the 1st quarter valued at approximately $310,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NWL shares. JPMorgan Chase & Co. cut their price objective 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. Morgan Stanley reaffirmed a “hold” rating and issued a $4.25 price objective on shares of Newell Brands in a research note on Monday, November 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Newell Brands in a research note on Wednesday, November 19th. Canaccord Genuity Group lowered their target price on Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Citigroup dropped 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, November 3rd. Four equities research 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. According to MarketBeat, Newell Brands presently has an average rating of “Hold” and an average target price of $5.86.

About Representative Stauber

Pete Stauber (Republican Party) is a member of the U.S. House, representing Minnesota’s 8th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Stauber (Republican Party) ran for re-election to the U.S. House to represent Minnesota’s 8th Congressional District. He won in the general election on November 5, 2024.

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.