Quantinno Capital Management LP Buys 280,826 Shares of Newell Brands Inc. (NASDAQ:NWL)

Quantinno Capital Management LP increased its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 409.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 349,365 shares of the company's stock after buying an additional 280,826 shares during the period. Quantinno Capital Management LP owned about 0.08% of Newell Brands worth $2,683,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock worth $127,629,000 after buying an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Newell Brands by 4.8% during the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company's stock valued at $113,073,000 after purchasing an additional 674,015 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after buying an additional 2,668,384 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Newell Brands by 1.4% during the second quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company's stock worth $65,558,000 after acquiring an additional 137,441 shares during the period. Finally, Victory Capital Management Inc. raised its position in Newell Brands by 5,324.8% in the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company's stock worth $36,282,000 after acquiring an additional 4,637,180 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Price Performance

NWL traded up $0.10 during trading on Tuesday, hitting $11.61. The company's stock had a trading volume of 3,449,397 shares, compared to its average volume of 5,525,667. The firm's 50 day moving average price is $8.65 and its two-hundred day moving average price is $7.67. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of -19.10, a price-to-earnings-growth ratio of 0.95 and a beta of 0.90. 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 Inc. has a 12 month low of $5.39 and a 12 month high of $11.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. Sell-side analysts forecast that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal 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 paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, November 29th. Newell Brands's payout ratio is presently -46.67%.

Insider Transactions at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the company'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 value of $240,666.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bradford R. Turner sold 20,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now owns 230,254 shares of the company's stock, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on NWL. JPMorgan Chase & Co. reduced their target price on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and lifted their price target for the stock from $10.00 to $17.00 in a research note on Monday. Barclays upgraded shares of Newell Brands from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $8.00 to $10.00 in a research report on Wednesday, November 20th. Citigroup cut shares of Newell Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group raised their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $10.00.

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.