Ieq Capital LLC Has $1.20 Million Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Ieq Capital LLC lifted its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 230.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,957 shares of the company's stock after acquiring an additional 83,649 shares during the quarter. Ieq Capital LLC's holdings in Newell Brands were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PFG Investments LLC lifted its holdings in Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after purchasing an additional 981 shares during the last quarter. TriaGen Wealth Management LLC raised its position in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock valued at $583,000 after purchasing an additional 991 shares during the period. Optas LLC lifted its stake in shares of Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company's stock worth $123,000 after buying an additional 1,306 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Newell Brands by 3.5% in the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock worth $304,000 after buying an additional 1,345 shares during the last quarter. Finally, Accurate Wealth Management LLC boosted its holdings in shares of Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock worth $116,000 after buying an additional 1,531 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on NWL. Royal Bank of Canada dropped their target price on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Canaccord Genuity Group lowered their price target on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and raised their target price for the company from $10.00 to $17.00 in a report on Monday, December 9th. Finally, Citigroup cut their price target on Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.81.

Newell Brands Stock Performance

Shares of NASDAQ:NWL traded up $0.12 during trading on Friday, hitting $6.42. 17,029,450 shares of the stock were exchanged, compared to its average volume of 9,011,665. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of -12.35, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78. The company's fifty day simple moving average is $9.11 and its 200-day simple moving average is $8.60.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly 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 negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the prior year, the company earned $0.22 EPS. Sell-side analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands's payout ratio is -53.85%.

Insider Activity

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of Newell Brands 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.