Legato Capital Management LLC Makes New Investment in Newell Brands Inc. (NASDAQ:NWL)

Legato Capital Management LLC purchased a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 38,150 shares of the company's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc increased its position in shares of Newell Brands by 24.8% during the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock worth $83,000 after acquiring an additional 1,666 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Newell Brands during the third quarter worth about $70,000. Claro Advisors LLC bought a new stake in shares of Newell Brands during the third quarter worth about $79,000. Optas LLC purchased a new position in Newell Brands during the third quarter worth about $85,000. Finally, Accurate Wealth Management LLC boosted 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 worth $116,000 after purchasing an additional 1,531 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NWL. Canaccord Genuity Group cut 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. Wells Fargo & Company cut 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 report on Monday, February 10th. Royal Bank of Canada cut their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and increased their target price for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, UBS Group lifted their price target on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a 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, the stock has a consensus rating of "Hold" and a consensus target price of $10.81.

Newell Brands Stock Performance

NASDAQ:NWL traded down $0.20 on Tuesday, reaching $6.87. 3,975,565 shares of the company's stock were exchanged, compared to its average volume of 7,417,374. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -11.44, a P/E/G ratio of 1.09 and a beta of 0.89. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The stock has a fifty day simple moving average of $9.78 and a 200-day simple moving average of $8.67.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. During the same quarter last year, the firm earned $0.22 earnings per share. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.08%. Newell Brands's dividend payout ratio (DPR) is currently -46.67%.

Insider Activity

In other news, insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

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.