Caxton Associates LP Invests $1.73 Million in Newell Brands Inc. (NASDAQ:NWL)

Caxton Associates LP bought a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 173,909 shares of the company's stock, valued at approximately $1,732,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NWL. Charles Schwab Investment Management Inc. increased its position in shares of Newell Brands by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock valued at $39,761,000 after acquiring an additional 178,028 shares during the last quarter. Amundi increased its position in shares of Newell Brands by 194.4% during the 4th quarter. Amundi now owns 215,597 shares of the company's stock worth $2,121,000 after purchasing an additional 142,361 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Newell Brands during the 4th quarter worth approximately $9,877,000. Empowered Funds LLC boosted its holdings in shares of Newell Brands by 751.9% in the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock valued at $999,000 after buying an additional 88,483 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new position in shares of Newell Brands in the fourth quarter valued at $434,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of Newell Brands in a report on Monday, April 28th. Canaccord Genuity Group dropped their price objective on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group reduced their target price on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Citigroup dropped their price target on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.42.

Newell Brands Price Performance

Shares of NWL stock traded down $0.04 during trading hours on Friday, reaching $5.22. The company's stock had a trading volume of 6,884,202 shares, compared to its average volume of 6,993,169. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm's 50 day simple moving average is $5.62 and its 200-day simple moving average is $7.97. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -10.04, a PEG ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The firm's revenue for the quarter was down 5.3% compared to the same quarter last year. Sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.36%. Newell Brands's payout ratio is presently -47.46%.

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.