Aigen Investment Management LP acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,321 shares of the company's stock, valued at approximately $451,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock worth $15,050,000 after purchasing an additional 82,337 shares in the last quarter. Empowered Funds LLC increased its position in Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock worth $999,000 after purchasing an additional 88,483 shares in the last quarter. Citigroup Inc. increased its position in Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock worth $9,476,000 after purchasing an additional 88,164 shares in the last quarter. Versor Investments LP increased its position in Newell Brands by 135.6% during the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company's stock worth $758,000 after purchasing an additional 56,800 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Newell Brands during the 4th quarter worth approximately $762,000. Institutional investors and hedge funds own 92.50% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on NWL. Citigroup dropped their target price on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a research report on Monday, February 10th. Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and increased their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. UBS Group increased their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Barclays increased their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $15.00 to $14.00 and set a "buy" 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 issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $10.81.
Check Out Our Latest Analysis on Newell Brands
Newell Brands Stock Performance
NWL traded up $0.06 during trading hours on Friday, hitting $6.75. 8,273,723 shares of the stock were exchanged, compared to its average volume of 9,077,657. The stock has a 50-day simple moving average of $8.68 and a 200-day simple moving average of $8.58. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -12.98, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. 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 data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) 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 previous year, the firm earned $0.22 EPS. Analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.
Newell Brands Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, February 28th. Newell Brands's dividend payout ratio is presently -53.85%.
Newell Brands Profile
(
Free Report)
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.
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