Natixis Advisors LLC Increases Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Natixis Advisors LLC boosted its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 532,954 shares of the company's stock after buying an additional 119,232 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of Newell Brands worth $5,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 4,617 shares in the last quarter. Versant Capital Management Inc boosted its position in Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after buying an additional 1,666 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Newell Brands during the third quarter worth $92,000. iSAM Funds UK Ltd acquired a new position in shares of Newell Brands during the third quarter worth $94,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Newell Brands in the 4th quarter valued at $101,000. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Down 1.4 %

NWL stock traded down $0.09 during trading on Wednesday, reaching $6.49. 3,910,442 shares of the stock were exchanged, compared to its average volume of 6,153,224. The firm's 50 day moving average is $7.87 and its 200 day moving average is $8.53. The firm has a market cap of $2.70 billion, a P/E ratio of -12.48, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78.

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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 positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter last year, the business earned $0.22 EPS. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's dividend payout ratio is currently -53.85%.

Wall Street Analysts Forecast Growth

NWL has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Canaccord Genuity Group cut their target price on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada decreased 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 research report on Monday, February 10th. Barclays raised their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.81.

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.