Empowered Funds LLC Purchases Shares of 1,605,614 Newell Brands Inc. $NWL

Empowered Funds LLC purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,605,614 shares of the company’s stock, valued at approximately $9,858,000.

Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Newell Brands by 19.8% in the second quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock valued at $70,000 after buying an additional 1,887 shares in the last quarter. California State Teachers Retirement System grew its holdings in Newell Brands by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock worth $2,078,000 after acquiring an additional 2,108 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Newell Brands by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 78,967 shares of the company’s stock worth $294,000 after acquiring an additional 2,171 shares during the last quarter. Osaic Holdings Inc. increased its position in Newell Brands by 19.6% in the 2nd quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock valued at $76,000 after acquiring an additional 2,308 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Newell Brands by 14.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company’s stock worth $68,000 after acquiring an additional 2,456 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Insiders Place Their Bets

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

Newell Brands Price Performance

NWL opened at $6.17 on Friday. The company has a fifty day moving average price of $5.66 and a two-hundred day moving average price of $4.64. The firm has a market capitalization of $2.63 billion, a PE ratio of -11.64, a P/E/G ratio of 1.52 and a beta of 0.88. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $7.13. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. 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. As a group, analysts anticipate that Newell Brands Inc. will post 0.76 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.28 annualized dividend and a yield of 4.5%. Newell Brands’s dividend payout ratio is presently -52.83%.

Analyst Ratings Changes

A number of analysts recently weighed in on NWL shares. Wall Street Zen raised shares of Newell Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Citigroup increased their price objective on Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Zacks Research raised Newell Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Canaccord Genuity Group boosted their target price on Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Barclays raised their price target on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.66.

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.