Allspring Global Investments Holdings LLC Increases Holdings in Newell Brands Inc. (NASDAQ:NWL)

Allspring Global Investments Holdings LLC increased its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 13,240.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 215,844 shares of the company's stock after buying an additional 214,226 shares during the period. Allspring Global Investments Holdings LLC owned 0.05% of Newell Brands worth $2,154,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. PFG Investments LLC increased its stake in shares of Newell Brands by 6.6% during the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company's stock valued at $157,000 after buying an additional 981 shares during the period. TriaGen Wealth Management LLC lifted its position in Newell Brands by 1.7% during 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 boosted its position in 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 purchasing an additional 1,306 shares during the last quarter. CIBC Asset Management Inc lifted its position in Newell Brands by 3.5% during the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock valued at $304,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its position in shares of Newell Brands by 14.8% in the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock worth $116,000 after purchasing an additional 1,531 shares during the period. Institutional investors own 92.50% of the company's stock.

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Insider Activity at Newell Brands

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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NWL shares. Canaccord Genuity Group cut their target price on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a report on Monday, February 10th. Truist Financial upgraded Newell Brands from a "hold" rating to a "buy" rating and increased their price target for the stock from $10.00 to $17.00 in a report on Monday, December 9th. UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Barclays upped their target price on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, 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 research 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.81.

Newell Brands Stock Up 5.0 %

NWL stock traded up $0.32 during trading on Tuesday, hitting $6.77. 17,324,149 shares of the company's stock were exchanged, compared to its average volume of 8,227,321. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -13.02, a PEG ratio of 0.95 and a beta of 0.89. 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 business has a 50-day moving average price of $9.25 and a two-hundred day moving average price of $8.63.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating 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 period last year, the firm earned $0.22 EPS. As a group, equities research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.14%. Newell Brands's payout ratio is -53.85%.

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.