EAM Investors LLC Buys Shares of 392,230 Newell Brands Inc. (NASDAQ:NWL)

EAM Investors LLC acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 392,230 shares of the company's stock, valued at approximately $3,907,000. EAM Investors LLC owned about 0.09% of Newell Brands at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Newell Brands by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock worth $467,053,000 after acquiring an additional 1,974,823 shares in the last quarter. FMR LLC increased its stake in shares of Newell Brands by 233.6% in the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock worth $144,695,000 after acquiring an additional 10,172,696 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Newell Brands during the fourth quarter worth about $72,431,000. Geode Capital Management LLC boosted its position in shares of Newell Brands by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 6,938,654 shares of the company's stock worth $69,132,000 after purchasing an additional 303,371 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Newell Brands by 43.7% during the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company's stock valued at $67,637,000 after buying an additional 2,066,599 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NWL shares. UBS Group cut their target price on Newell Brands from $8.00 to $5.50 and set a "neutral" rating on the stock in a research note on Thursday. Barclays raised their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Wells Fargo & Company cut their price target on Newell Brands from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada reduced their target price on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a report on Monday, February 10th. Six investment 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 stock currently has a consensus rating of "Hold" and an average price target of $9.14.

Newell Brands Trading Down 5.5 %

NWL traded down $0.26 on Monday, hitting $4.44. The company had a trading volume of 2,073,338 shares, compared to its average volume of 6,675,710. The business's fifty day simple moving average is $6.11 and its 200 day simple moving average is $8.23. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The company has a market cap of $1.85 billion, a PE ratio of -8.54, a PEG ratio of 0.95 and a beta of 0.84. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $0.22 earnings per share. Equities research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 6.31%. Newell Brands's dividend payout ratio is currently -53.85%.

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.