12 Best Household Stocks to Buy According to Hedge Funds

9. Newell Brands Inc. (NASDAQ:NWL)

Number of Hedge Fund Holders: 29

Newell Brands, Inc. (NASDAQ:NWL) is a global consumer goods company that manufactures, markets, and sells consumer and commercial products. Its operations are divided into the Home and Commercial Solutions, Learning and Development, Outdoor and Recreation, and Corporate segments. The Home and Commercial Solutions segment offers a range of household products, including commercial cleaning and maintenance solutions, kitchen appliances, bakeware, hygiene systems, garage and closet organization products, and others.

Newell Brands, Inc. (NASDAQ:NWL) is on the path to recovery. It is on track with its turnaround strategy, with fiscal Q4 2024 marking its sixth consecutive quarter of improvement. Management is committed to returning to revenue growth in 2025. In the meantime, the company is GAAP profitable and pays a modest dividend. Newell Brands, Inc. (NASDAQ:NWL) is set to pay its shareholders a $0.07 dividend for every share as of February 28, payable on March 14.

The company’s supply chain reshoring strategy is also progressing, with minimal exposure to China outside its baby segment. Barclays analyst Lauren Lieberman maintained a Buy rating on Newell Brands, Inc. (NASDAQ:NWL) on March 11 and set a price target of $11.00. Its median price target of $6.45 implies an upside of 35.66% from current levels.