KLP Kapitalforvaltning AS Buys Shares of 84,500 Newell Brands Inc. (NASDAQ:NWL)

KLP Kapitalforvaltning AS acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 84,500 shares of the company's stock, valued at approximately $842,000.

A number of other institutional investors have also recently made changes to their positions in the business. PFG Investments LLC lifted its holdings in shares of Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock valued at $157,000 after buying an additional 981 shares during the period. TriaGen Wealth Management LLC boosted its stake in Newell Brands by 1.7% during the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after buying an additional 991 shares during the last quarter. Arizona State Retirement System grew its holdings in Newell Brands by 0.9% in the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after buying an additional 1,125 shares in the last quarter. Optas LLC grew its holdings in Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after buying an additional 1,306 shares in the last quarter. Finally, Accurate Wealth Management LLC raised its holdings in shares of Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock worth $116,000 after acquiring an additional 1,531 shares during the period. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Trading Down 6.5 %

NWL traded down $0.36 during mid-day trading on Friday, hitting $5.11. 7,463,872 shares of the stock were exchanged, compared to its average volume of 8,581,138. The company has a market cap of $2.14 billion, a PE ratio of -9.83, a PEG ratio of 0.95 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm's fifty day moving average is $7.32 and its two-hundred day moving average is $8.46. Newell Brands Inc. has a 1-year low of $4.83 and a 1-year high of $11.78.

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Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating 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 last year, the business earned $0.22 earnings per share. Equities analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a yield of 5.48%. Newell Brands's dividend payout ratio is currently -53.85%.

Analysts Set New Price Targets

NWL has been the subject of a number of analyst reports. Truist Financial upgraded shares of Newell Brands from a "hold" rating to a "buy" rating and raised their price objective for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Wells Fargo & Company decreased their price objective on Newell Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. raised their target price on Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. UBS Group upped their price target on Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada cut their price objective on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.