King Luther Capital Management Corp Buys 111,614 Shares of Newell Brands Inc. (NASDAQ:NWL)

King Luther Capital Management Corp boosted its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,291,213 shares of the company's stock after purchasing an additional 111,614 shares during the quarter. King Luther Capital Management Corp owned 1.03% of Newell Brands worth $42,740,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new stake in Newell Brands in the fourth quarter valued at about $72,431,000. Victory Capital Management Inc. lifted its position in Newell Brands by 5,324.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company's stock worth $36,282,000 after buying an additional 4,637,180 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Newell Brands by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock valued at $127,629,000 after purchasing an additional 2,634,114 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Newell Brands by 36.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company's stock valued at $40,102,000 after buying an additional 1,083,921 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Newell Brands in the 4th quarter valued at about $9,877,000. 92.50% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have recently commented on NWL. Canaccord Genuity Group decreased their target price on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. UBS Group upped their target price on Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Truist Financial upgraded Newell Brands from a "hold" rating to a "buy" rating and upped their price objective for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their target price on Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.81.

Newell Brands Price Performance

Newell Brands stock traded up $0.04 during midday trading on Friday, hitting $6.55. 10,844,217 shares of the company's stock were exchanged, compared to its average volume of 9,225,805. The company has a market cap of $2.73 billion, a P/E ratio of -12.60, a PEG ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The stock has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $8.55.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results 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 negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the previous year, the business earned $0.22 EPS. On average, equities research 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th 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 4.27%. The ex-dividend date is Friday, February 28th. Newell Brands's dividend payout ratio is -53.85%.

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.