Quantbot Technologies LP Increases Position in Newell Brands Inc. (NASDAQ:NWL)

Quantbot Technologies LP grew its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 28.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 270,766 shares of the company's stock after purchasing an additional 59,836 shares during the period. Quantbot Technologies LP owned approximately 0.07% of Newell Brands worth $2,079,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new position in Newell Brands during the 1st quarter worth approximately $151,000. Quadrature Capital Ltd acquired a new stake in shares of Newell Brands in the first quarter worth $375,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Newell Brands by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 209,029 shares of the company's stock worth $1,679,000 after purchasing an additional 11,868 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Newell Brands by 192.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 32,813 shares of the company's stock valued at $263,000 after purchasing an additional 21,580 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Newell Brands by 3.0% in the first quarter. Tidal Investments LLC now owns 83,559 shares of the company's stock valued at $671,000 after purchasing an additional 2,407 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Trading Up 1.0 %

Newell Brands stock traded up $0.10 during mid-day trading on Friday, hitting $9.59. The company's stock had a trading volume of 2,440,265 shares, compared to its average volume of 5,489,834. The stock's fifty day moving average is $8.26 and its two-hundred day moving average is $7.59. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $3.99 billion, a PE ratio of -15.92, a price-to-earnings-growth ratio of 0.88 and a beta of 0.89. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.72.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The company's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. On average, analysts anticipate that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 2.92%. Newell Brands's dividend payout ratio (DPR) is presently -46.67%.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the transaction, the insider now directly owns 230,254 shares of the company's stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NWL has been the subject of several analyst reports. Barclays raised Newell Brands from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $8.00 to $10.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Citigroup cut shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company raised their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Newell Brands currently has an average rating of "Hold" and an average price target of $9.10.

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.