New York State Common Retirement Fund Purchases 72,635 Shares of Newell Brands Inc. (NASDAQ:NWL)

New York State Common Retirement Fund lifted its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,313,144 shares of the company's stock after buying an additional 72,635 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of Newell Brands worth $13,079,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NWL. Principal Financial Group Inc. boosted its stake in Newell Brands by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after buying an additional 82,337 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock worth $999,000 after acquiring an additional 88,483 shares in the last quarter. Citigroup Inc. boosted its position in shares of Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock valued at $9,476,000 after acquiring an additional 88,164 shares during the last quarter. Versor Investments LP grew its holdings in shares of Newell Brands by 135.6% in the third quarter. Versor Investments LP now owns 98,700 shares of the company's stock valued at $758,000 after purchasing an additional 56,800 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Newell Brands in the fourth quarter worth $762,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

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Newell Brands Trading Down 4.4 %

Shares of NWL stock traded down $0.29 on Thursday, reaching $6.37. 20,567,555 shares of the company's stock were exchanged, compared to its average volume of 8,801,083. The company's fifty day simple moving average is $9.18 and its 200 day simple moving average is $8.62. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $2.65 billion, a PE ratio of -12.25, a P/E/G ratio of 0.95 and a beta of 0.89.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $0.22 earnings per share. As a group, analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.

Insider Activity

In other news, insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on NWL shares. JPMorgan Chase & Co. increased their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Canaccord Genuity Group reduced their price objective on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada lowered their price objective on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a research note on Monday, February 10th. Finally, Truist Financial upgraded Newell Brands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.81.

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.