Assenagon Asset Management S.A. purchased a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 654,305 shares of the company's stock, valued at approximately $4,057,000. Assenagon Asset Management S.A. owned 0.16% of Newell Brands at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in NWL. Castlekeep Investment Advisors LLC bought a new stake in Newell Brands in the 4th quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new stake in Newell Brands during the fourth quarter valued at approximately $46,000. Farther Finance Advisors LLC grew its stake in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after purchasing an additional 4,169 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after buying an additional 4,617 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Newell Brands in the 4th quarter valued at $101,000. Institutional investors own 92.50% of the company's stock.
Newell Brands Trading Up 0.4%
NWL traded up $0.02 during mid-day trading on Thursday, reaching $5.44. The stock had a trading volume of 9,334,946 shares, compared to its average volume of 7,738,885. The stock has a market capitalization of $2.27 billion, a P/E ratio of -9.22 and a beta of 0.97. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.54 and a current ratio of 1.13. The firm's fifty day simple moving average is $5.29 and its two-hundred day simple moving average is $7.30.
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, topping analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands's revenue was down 5.3% on a year-over-year basis. On average, equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is currently -47.46%.
Analysts Set New Price Targets
NWL has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Truist Financial dropped their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price target on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Finally, Citigroup cut their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.53.
Get Our Latest Stock Analysis 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.
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