Intech Investment Management LLC Acquires New Holdings in Newell Brands Inc. (NASDAQ:NWL)

Intech Investment Management LLC acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 196,112 shares of the company's stock, valued at approximately $1,506,000.

A number of other large investors have also made changes to their positions in NWL. CIBC Asset Management Inc lifted its position in Newell Brands by 3.5% in the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock worth $304,000 after purchasing an additional 1,345 shares during the period. Centaurus Financial Inc. boosted its position in shares of Newell Brands by 5.9% during the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company's stock valued at $203,000 after acquiring an additional 1,762 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Newell Brands by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 116,226 shares of the company's stock valued at $745,000 after acquiring an additional 2,394 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Newell Brands by 3.0% during the 1st quarter. Tidal Investments LLC now owns 83,559 shares of the company's stock valued at $671,000 after acquiring an additional 2,407 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Newell Brands by 9.9% during the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company's stock valued at $177,000 after acquiring an additional 2,490 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NWL shares. Royal Bank of Canada lifted their target price on shares of Newell Brands from $7.50 to $9.50 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Barclays upgraded shares of Newell Brands from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $8.00 to $10.00 in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Monday, July 29th. Truist Financial boosted their price target on shares of Newell Brands from $8.00 to $10.00 and gave the company a "hold" rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $9.10.

Newell Brands Trading Down 2.9 %

Shares of NWL traded down $0.28 on Tuesday, reaching $9.34. 5,946,179 shares of the company's stock were exchanged, compared to its average volume of 5,513,269. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $3.89 billion, a P/E ratio of -15.57, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. The business has a 50 day moving average price of $8.18 and a two-hundred day moving average price of $7.56. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $9.72.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. Newell Brands's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Research analysts anticipate that Newell Brands Inc. will post 0.66 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, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands's dividend payout ratio (DPR) is -46.67%.

Insider Buying and Selling

In related news, insider Bradford R. Turner sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by insiders.

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.