Lisanti Capital Growth LLC purchased a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 222,665 shares of the company's stock, valued at approximately $2,218,000. Lisanti Capital Growth LLC owned about 0.05% of Newell Brands as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in Newell Brands in the third quarter valued at approximately $70,000. Claro Advisors LLC bought a new stake in shares of Newell Brands in the 3rd quarter valued at $79,000. Smartleaf Asset Management LLC increased its position in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after buying an additional 4,617 shares in the last quarter. Versant Capital Management Inc raised its stake in Newell Brands by 24.8% during the 4th 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 period. Finally, Glenmede Trust Co. NA bought a new position in Newell Brands during the third quarter worth about $92,000. 92.50% of the stock is owned by institutional investors and hedge funds.
Newell Brands Stock Down 2.8 %
NASDAQ NWL traded down $0.19 during trading hours on Tuesday, hitting $6.54. 10,289,364 shares of the company traded hands, compared to its average volume of 9,121,058. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The business's 50-day moving average is $8.61 and its 200-day moving average is $8.59. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -12.58, a P/E/G ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last released 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 positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the prior year, the firm posted $0.22 earnings per share. Sell-side analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.
Newell Brands Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 4.28%. Newell Brands's dividend payout ratio (DPR) is currently -53.85%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on NWL shares. UBS Group raised their price target on Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Barclays raised their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Royal Bank of Canada reduced their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a report on Monday, February 10th. Citigroup dropped their price objective on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating on the stock in a report on Monday, February 10th. Finally, Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Newell Brands presently has a consensus rating of "Hold" and a consensus target price of $10.81.
Get Our Latest Analysis on Newell Brands
About Newell Brands
(
Free Report)
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.
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