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

Natixis Advisors LLC boosted its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 21.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,722 shares of the company's stock after acquiring an additional 73,292 shares during the quarter. Natixis Advisors LLC owned 0.10% of Newell Brands worth $3,177,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Newell Brands in the 2nd quarter valued at about $26,000. Gradient Investments LLC bought a new stake in shares of Newell Brands during the 2nd quarter valued at about $46,000. Quarry LP increased its stake in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company's stock valued at $51,000 after purchasing an additional 4,056 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth $58,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Newell Brands in the third quarter valued at about $70,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now directly owns 230,254 shares in the company, valued at $2,063,075.84. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NWL shares. Wells Fargo & Company boosted their target price on Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a "hold" rating in a report on Monday, July 29th. Truist Financial boosted 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. JPMorgan Chase & Co. lowered their price target on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. Finally, Citigroup lowered Newell Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Newell Brands presently has a consensus rating of "Hold" and an average target price of $9.10.

Newell Brands Trading Up 2.0 %

Shares of NWL stock traded up $0.18 on Friday, hitting $9.12. 4,961,727 shares of the company's stock traded hands, compared to its average volume of 6,393,328. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of -15.20, a P/E/G ratio of 0.83 and a beta of 0.89. The company's fifty day simple moving average is $8.10 and its 200 day simple moving average is $7.54. Newell Brands Inc. has a one year low of $5.39 and a one year high of $9.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. Equities analysts forecast that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands's dividend payout ratio (DPR) is currently -46.67%.

Newell Brands 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.