991,627 Shares in Newell Brands Inc. (NASDAQ:NWL) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 991,627 shares of the company's stock, valued at approximately $9,877,000. Raymond James Financial Inc. owned about 0.24% of Newell Brands as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NWL. Massachusetts Financial Services Co. MA grew its stake in shares of Newell Brands by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock valued at $127,629,000 after buying an additional 2,634,114 shares during the last quarter. Primecap Management Co. CA grew its position in Newell Brands by 4.8% in the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company's stock valued at $113,073,000 after acquiring an additional 674,015 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Newell Brands in the fourth quarter worth $72,431,000. Victory Capital Management Inc. lifted its position in shares of Newell Brands by 43.7% during the fourth quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company's stock worth $67,637,000 after purchasing an additional 2,066,599 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Newell Brands by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company's stock worth $50,973,000 after purchasing an additional 115,459 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

NWL has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their price target on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. UBS Group raised their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Wells Fargo & Company dropped their price objective on Newell Brands from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, Royal Bank of Canada decreased 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.81.

Newell Brands Stock Down 2.2 %

Shares of NWL traded down $0.15 during trading hours on Tuesday, hitting $6.58. The company had a trading volume of 5,921,277 shares, compared to its average volume of 6,147,938. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $2.74 billion, a PE ratio of -12.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78. The company's fifty day moving average price is $7.94 and its two-hundred day moving average price is $8.54.

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

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.

Newell Brands 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.