Massachusetts Financial Services Co. MA Buys 172,854 Shares of Newell Brands Inc. $NWL

by · The Cerbat Gem

Massachusetts Financial Services Co. MA raised its stake in Newell Brands Inc. (NASDAQ:NWL – Free Report) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,765,031 shares of the company’s stock after purchasing an additional 172,854 shares during the period. Massachusetts Financial Services Co. MA owned 4.95% of Newell Brands worth $108,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Cooper Creek Partners Management LLC boosted its holdings in Newell Brands by 48.8% in the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock worth $140,322,000 after acquiring an additional 8,526,698 shares in the last quarter. Norges Bank purchased a new position in shares of Newell Brands during the 2nd quarter valued at about $20,196,000. Deprince Race & Zollo Inc. lifted its holdings in Newell Brands by 23.5% in the third quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock valued at $97,835,000 after acquiring an additional 3,549,220 shares during the period. Bridgeway Capital Management LLC acquired a new position in shares of Newell Brands in the 2nd quarter valued at $12,973,000. Finally, Empowered Funds LLC boosted its stake in shares of Newell Brands by 1,499.9% during the 2nd quarter. Empowered Funds LLC now owns 1,532,050 shares of the company’s stock worth $8,273,000 after acquiring an additional 1,436,292 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Price Performance

NWL stock opened at $4.22 on Wednesday. Newell Brands Inc. has a twelve month low of $3.07 and a twelve month high of $10.85. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $1.77 billion, a P/E ratio of -70.32 and a beta of 0.89. The business has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $4.75.

Newell Brands (NASDAQ:NWL – Get Free Report) last released its quarterly earnings results on Friday, October 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $0.16 EPS. Newell Brands’s revenue for the quarter was down 7.2% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS and its Q4 2025 guidance at 0.160-0.200 EPS. As a group, equities analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 6.6%. Newell Brands’s dividend payout ratio (DPR) is -466.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NWL. Morgan Stanley reiterated a “hold” rating and issued a $4.25 target price on shares of Newell Brands in a research report on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Citigroup lifted their price target on shares of Newell Brands from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Canaccord Genuity Group decreased their target price on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada decreased 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, November 3rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.83.

View Our Latest Analysis on NWL

Newell Brands Company Profile

(Free Report)

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.

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