Claro Advisors LLC Purchases New Stake in Newell Brands Inc. (NASDAQ:NWL)

Claro Advisors LLC bought a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 70,532 shares of the company's stock, valued at approximately $542,000.

Several other hedge funds also recently modified their holdings of NWL. Janney Montgomery Scott LLC increased its stake in Newell Brands by 15.3% in the first quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company's stock valued at $620,000 after purchasing an additional 10,240 shares during the last quarter. ARGA Investment Management LP lifted its holdings in shares of Newell Brands by 30.6% during the 1st quarter. ARGA Investment Management LP now owns 687,707 shares of the company's stock worth $5,522,000 after acquiring an additional 161,313 shares during the period. M&G Plc purchased a new position in shares of Newell Brands during the 1st quarter worth about $9,992,000. Texas Permanent School Fund Corp boosted its position in shares of Newell Brands by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 332,914 shares of the company's stock worth $2,673,000 after acquiring an additional 4,291 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Newell Brands in the first quarter valued at approximately $80,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Up 2.5 %

Shares of NWL traded up $0.19 during mid-day trading on Friday, reaching $7.87. 5,391,741 shares of the stock traded hands, compared to its average volume of 5,391,880. The stock has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $7.31. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.24. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of -10.93, a P/E/G ratio of 1.29 and a beta of 0.91.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.15. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. Sell-side analysts expect that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.56%. Newell Brands's dividend payout ratio (DPR) is presently -38.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NWL shares. Citigroup downgraded shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a report on Monday, July 29th. Canaccord Genuity Group upped their price target on Newell Brands from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Royal Bank of Canada raised their price objective on Newell Brands from $7.50 to $9.50 and gave the stock a "sector perform" rating in a report on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on Newell Brands from $6.00 to $9.00 and gave the stock an "equal weight" rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Newell Brands presently has a consensus rating of "Hold" and an average price target of $8.91.

About Newell Brands

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.