Russell Investments Group Ltd. raised its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,288,610 shares of the company's stock after purchasing an additional 588,777 shares during the period. Russell Investments Group Ltd. owned approximately 0.79% of Newell Brands worth $32,755,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in NWL. Harvest Fund Management Co. Ltd bought a new stake in shares of Newell Brands during the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its position in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after buying an additional 4,617 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after acquiring an additional 1,666 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Newell Brands during the third quarter worth $94,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Newell Brands during the 4th quarter worth about $101,000. 92.50% of the stock is currently owned by institutional investors.
Newell Brands Price Performance
Newell Brands stock traded up $0.17 during midday trading on Friday, hitting $4.72. 11,216,974 shares of the company's stock were exchanged, compared to its average volume of 6,603,619. The company has a market cap of $1.97 billion, a P/E ratio of -9.08, a PEG 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. The stock has a 50-day moving average price of $6.45 and a two-hundred day moving average price of $8.32. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the prior year, the company posted $0.22 earnings per share. On average, equities research analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.
Newell Brands Announces Dividend
The firm 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.93%. Newell Brands's dividend payout ratio (DPR) is -53.85%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NWL. Citigroup reduced their price objective on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a research report on Monday, February 10th. Barclays increased their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Royal Bank of Canada dropped their price target on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Friday. Six equities 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.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.14.
Check Out Our Latest Research Report on Newell Brands
About Newell Brands
(
Free Report)
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.
Further Reading
Before you consider Newell Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newell Brands wasn't on the list.
While Newell Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
