EVR Research LP Trims Holdings in Newell Brands Inc. (NASDAQ:NWL)

EVR Research LP trimmed its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,000 shares of the company's stock after selling 370,000 shares during the period. Newell Brands comprises approximately 3.7% of EVR Research LP's holdings, making the stock its 12th biggest holding. EVR Research LP owned 0.26% of Newell Brands worth $10,956,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NWL. Vanguard Group Inc. grew its holdings in shares of Newell Brands by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock worth $467,053,000 after buying an additional 1,974,823 shares in the last quarter. FMR LLC boosted its position in Newell Brands by 233.6% during the fourth quarter. FMR LLC now owns 14,527,609 shares of the company's stock worth $144,695,000 after acquiring an additional 10,172,696 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Newell Brands in the 4th quarter worth approximately $72,431,000. Geode Capital Management LLC raised its holdings in Newell Brands by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 6,938,654 shares of the company's stock valued at $69,132,000 after acquiring an additional 303,371 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Newell Brands by 43.7% in the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company's stock valued at $67,637,000 after acquiring an additional 2,066,599 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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Newell Brands Stock Down 5.2 %

Shares of NWL traded down $0.26 during midday trading on Tuesday, reaching $4.73. 9,191,488 shares of the company were exchanged, compared to its average volume of 6,642,417. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a 50-day moving average price of $6.36 and a 200-day moving average price of $8.30. 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 company has a market cap of $1.98 billion, a price-to-earnings ratio of -9.10, a P/E/G ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS 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 last year, the firm posted $0.22 EPS. Research analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 5.92%. Newell Brands's dividend payout ratio is presently -53.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NWL shares. Canaccord Genuity Group lowered their price objective on Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Royal Bank of Canada dropped their price objective on shares of 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. Wells Fargo & Company dropped their price objective on Newell Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Barclays lifted their target price on Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Finally, Citigroup dropped their price target on Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research note on Monday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $9.81.

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.