Newell Brands Inc. (NASDAQ:NWL) Position Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 214.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,349,136 shares of the company's stock after purchasing an additional 2,282,949 shares during the period. Arrowstreet Capital Limited Partnership owned 0.81% of Newell Brands worth $33,357,000 at the end of the most recent reporting period.

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

Newell Brands Price Performance

Shares of NWL stock traded down $0.23 during midday trading on Monday, reaching $4.89. 17,315,118 shares of the company were exchanged, compared to its average volume of 6,438,002. The company's 50 day moving average price is $7.09 and its two-hundred day moving average price is $8.44. The company has a market cap of $2.04 billion, a P/E ratio of -9.40, a PEG ratio of 0.95 and a beta of 0.84. Newell Brands Inc. has a 12 month low of $4.64 and a 12 month high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14.

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Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $0.16 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 business earned $0.22 EPS. On average, sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 5.73%. Newell Brands's dividend payout ratio is currently -53.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NWL. 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. JPMorgan Chase & Co. raised their target price on Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of Newell Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. UBS Group lifted 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. Finally, Royal Bank of Canada decreased their target price on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.58.

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.