Empowered Funds LLC Raises Stake in Newell Brands Inc. (NASDAQ:NWL)

Empowered Funds LLC lifted its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 751.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,251 shares of the company's stock after acquiring an additional 88,483 shares during the quarter. Empowered Funds LLC's holdings in Newell Brands were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in shares of Newell Brands by 24.8% in the fourth 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. Venturi Wealth Management LLC purchased a new position in Newell Brands during the third quarter valued at approximately $70,000. Claro Advisors LLC purchased a new position in Newell Brands during the third quarter valued at approximately $79,000. Optas LLC purchased a new position in Newell Brands during the third quarter valued at approximately $85,000. Finally, Accurate Wealth Management LLC lifted its holdings in Newell Brands by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock valued at $116,000 after purchasing an additional 1,531 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Stock Performance

NWL remained flat at $6.80 during trading hours on Friday. 9,815,208 shares of the company traded hands, compared to its average volume of 7,760,258. The firm has a 50 day moving average of $9.41 and a 200-day moving average of $8.62. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The firm has a market cap of $2.83 billion, a PE ratio of -13.08, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

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 negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the previous year, the firm earned $0.22 EPS. On average, analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands's dividend payout ratio is presently -53.85%.

Insider Buying and Selling

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on NWL shares. Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and lifted their price target for the company from $10.00 to $17.00 in a report on Monday, December 9th. Barclays lifted their price target on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Canaccord Genuity Group lowered their price target on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Newell Brands presently has an average rating of "Hold" and an average price target of $10.81.

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.