Schroder Investment Management Group Invests $15.38 Million in Newell Brands Inc. (NASDAQ:NWL)

Schroder Investment Management Group purchased a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,538,339 shares of the company's stock, valued at approximately $15,383,000. Schroder Investment Management Group owned approximately 0.37% of Newell Brands at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in Newell Brands in the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its stake in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after buying an additional 4,617 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock worth $83,000 after buying an additional 1,666 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of Newell Brands during the 3rd quarter valued at about $92,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Newell Brands in the 3rd quarter valued at about $94,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Royal Bank of Canada dropped their target price on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a research report on Monday, February 10th. Barclays raised their price target on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Truist Financial upgraded Newell Brands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, Citigroup dropped their price target on Newell Brands from $10.50 to $7.75 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Newell Brands has an average rating of "Hold" and an average price target of $10.58.

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Newell Brands Stock Performance

NASDAQ:NWL traded down $0.18 during midday trading on Monday, hitting $4.95. The company's stock had a trading volume of 9,546,991 shares, compared to its average volume of 6,409,262. The firm has a market cap of $2.07 billion, a P/E ratio of -9.47, a P/E/G ratio of 0.95 and a beta of 0.84. Newell Brands Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $11.78. The firm's 50 day moving average is $7.21 and its 200-day moving average is $8.46. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the prior year, the company posted $0.22 EPS. Equities analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 5.66%. Newell Brands's dividend payout ratio is presently -53.85%.

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.