Renaissance Technologies LLC Has $19.26 Million Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Renaissance Technologies LLC trimmed its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 13.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,934,127 shares of the company's stock after selling 313,200 shares during the period. Renaissance Technologies LLC owned 0.46% of Newell Brands worth $19,264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NWL. EP Wealth Advisors LLC acquired a new stake in Newell Brands during the third quarter worth about $218,000. MML Investors Services LLC lifted its stake in Newell Brands by 35.4% during the third quarter. MML Investors Services LLC now owns 42,821 shares of the company's stock worth $329,000 after purchasing an additional 11,201 shares during the period. M&T Bank Corp raised its holdings in shares of Newell Brands by 6.7% in the 3rd quarter. M&T Bank Corp now owns 50,694 shares of the company's stock worth $389,000 after buying an additional 3,202 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Newell Brands by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company's stock worth $50,973,000 after buying an additional 115,459 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Newell Brands during the third quarter valued at $225,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of recent analyst reports. UBS Group reduced their price target on shares of Newell Brands from $8.00 to $5.50 and set a "neutral" rating on the stock in a research report on Thursday. Barclays increased their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Wells Fargo & Company reduced their price objective on Newell Brands from $7.00 to $6.00 and set an "equal weight" rating on the stock in a report on Wednesday. Royal Bank of Canada cut their price target on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $9.14.

Newell Brands Price Performance

Shares of NASDAQ NWL traded up $0.07 during trading hours on Friday, hitting $4.70. 6,670,824 shares of the stock were exchanged, compared to its average volume of 6,670,994. The company's fifty day simple moving average is $6.16 and its two-hundred day simple moving average is $8.23. The company has a market cap of $1.96 billion, a PE ratio of -9.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. 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 $4.22 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data 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 company posted $0.22 earnings per share. On average, sell-side analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's dividend payout ratio is currently -53.85%.

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.