Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can lifted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 471.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,885 shares of the company's stock after acquiring an additional 232,580 shares during the quarter. Bank of Montreal Can owned 0.07% of Newell Brands worth $2,808,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NWL. MML Investors Services LLC raised its stake in Newell Brands by 35.4% in the third quarter. MML Investors Services LLC now owns 42,821 shares of the company's stock worth $329,000 after buying an additional 11,201 shares in the last quarter. M&T Bank Corp boosted its position in Newell Brands by 6.7% during the third quarter. M&T Bank Corp now owns 50,694 shares of the company's stock valued at $389,000 after purchasing an additional 3,202 shares in the last quarter. Geode Capital Management LLC grew its stake in Newell Brands by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company's stock valued at $50,973,000 after purchasing an additional 115,459 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Newell Brands in the 3rd quarter valued at about $225,000. Finally, World Investment Advisors LLC purchased a new position in shares of Newell Brands in the 3rd quarter worth approximately $326,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NWL shares. Citigroup reduced their price target on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research report on Monday, April 14th. UBS Group decreased their price target on shares of Newell Brands from $8.00 to $5.50 and set a "neutral" rating for the company in a report on Thursday. Barclays lifted their price target on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Wells Fargo & Company reduced their price objective on Newell Brands from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Newell Brands currently has an average rating of "Hold" and an average target price of $9.14.

Newell Brands Trading Down 5.2 %

Shares of NWL traded down $0.25 during trading on Monday, reaching $4.46. 649,358 shares of the company traded hands, compared to its average volume of 6,669,427. The stock has a 50-day simple moving average of $6.11 and a 200-day simple moving average of $8.23. The stock has a market cap of $1.86 billion, a PE ratio of -8.57, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued 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 business posted $0.22 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 6.29%. Newell Brands's dividend payout ratio is currently -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.