Caxton Associates LP Takes Position in Newell Brands Inc. (NASDAQ:NWL)

Caxton Associates LP purchased a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 173,909 shares of the company's stock, valued at approximately $1,732,000.

Other large investors also recently made changes to their positions in the company. PFG Investments LLC increased its stake in Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock valued at $157,000 after buying an additional 981 shares during the period. TriaGen Wealth Management LLC increased its stake in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after acquiring an additional 991 shares during the last quarter. Arizona State Retirement System boosted its position in Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,125 shares during the last quarter. Optas LLC grew its stake in Newell Brands by 11.8% in 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 in the last quarter. Finally, Accurate Wealth Management LLC raised its stake in shares of Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock worth $116,000 after purchasing an additional 1,531 shares in the last quarter. Institutional investors own 92.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NWL shares. Barclays raised their target price on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Canaccord Genuity Group reduced their target price on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. UBS Group dropped their price objective on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial reduced their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Newell Brands presently has an average rating of "Hold" and a consensus target price of $7.42.

Newell Brands Trading Down 0.8 %

NWL stock traded down $0.04 during midday trading on Friday, hitting $5.22. The stock had a trading volume of 6,884,202 shares, compared to its average volume of 7,011,840. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm has a market cap of $2.18 billion, a P/E ratio of -10.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The business has a fifty day moving average price of $5.60 and a two-hundred day moving average price of $7.96. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78.

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

Newell Brands Dividend Announcement

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

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.