Prairie Wealth Advisors Inc. Acquires Shares of 36,879 Newell Brands Inc. (NASDAQ:NWL)

Prairie Wealth Advisors Inc. acquired a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,879 shares of the company's stock, valued at approximately $367,000.

Several other institutional investors have also added to or reduced their stakes in NWL. PFG Investments LLC grew its position in shares of Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock valued at $157,000 after acquiring 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 in the last quarter. Optas LLC grew its holdings in Newell Brands by 11.8% during the fourth quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after purchasing an additional 1,306 shares during the period. CIBC Asset Management Inc increased its position in 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 in the last quarter. Finally, Accurate Wealth Management LLC raised its stake 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 buying an additional 1,531 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NWL shares. UBS Group increased their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday. JPMorgan Chase & Co. raised their price target on Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada dropped 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. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.50.

Insider Buying and Selling at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Company insiders own 0.58% of the company's stock.

Newell Brands Price Performance

Newell Brands stock traded up $0.45 during midday trading on Tuesday, reaching $7.46. 8,255,356 shares of the stock traded hands, compared to its average volume of 7,257,078. The stock's fifty day moving average is $10.10 and its 200-day moving average is $8.72. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The stock has a market cap of $3.10 billion, a P/E ratio of -12.43, a PEG ratio of 1.09 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its 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 3.22% and a positive return on equity of 10.22%. During the same period in the prior year, the firm posted $0.22 EPS. As a group, equities research analysts anticipate that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands 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.