Lecap Asset Management Ltd. Buys New Position in Newell Brands Inc. (NASDAQ:NWL)

Lecap Asset Management Ltd. purchased a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 99,158 shares of the company's stock, valued at approximately $762,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Newell Brands by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company's stock valued at $389,670,000 after purchasing an additional 739,295 shares in the last quarter. Primecap Management Co. CA lifted its stake in Newell Brands by 17.7% in the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company's stock worth $90,054,000 after purchasing an additional 2,109,892 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after acquiring an additional 2,668,384 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Newell Brands by 1.4% in the second quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company's stock valued at $65,558,000 after acquiring an additional 137,441 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Newell Brands by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company's stock valued at $18,077,000 after acquiring an additional 215,759 shares during the period. Institutional investors own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NWL. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Citigroup downgraded shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. Canaccord Genuity Group increased their price objective on shares of Newell Brands from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Finally, Truist Financial raised their target price on shares of Newell Brands from $8.00 to $10.00 and gave the company a "hold" rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Newell Brands has an average rating of "Hold" and a consensus target price of $8.80.

Newell Brands Trading Up 21.6 %

NWL stock traded up $1.55 during mid-day trading on Friday, hitting $8.73. 21,224,215 shares of the company were exchanged, compared to its average volume of 5,488,259. 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 capitalization of $3.63 billion, a P/E ratio of -13.66, a PEG ratio of 1.31 and a beta of 0.91. The business has a fifty day simple moving average of $7.41 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.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company's quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. On average, equities research analysts predict that Newell Brands Inc. will post 0.65 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, August 30th. Newell Brands's dividend payout ratio (DPR) is presently -43.08%.

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.