Assenagon Asset Management S.A. Makes New $4.06 Million Investment in Newell Brands Inc. (NASDAQ:NWL)

Assenagon Asset Management S.A. bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 654,305 shares of the company's stock, valued at approximately $4,057,000. Assenagon Asset Management S.A. owned approximately 0.16% of Newell Brands at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NWL. Charles Schwab Investment Management Inc. grew its position in shares of Newell Brands by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock worth $39,761,000 after buying an additional 178,028 shares in the last quarter. Amundi grew its holdings in 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 acquiring an additional 142,361 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Newell Brands during the 4th quarter worth approximately $9,877,000. Empowered Funds LLC increased its position 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 purchasing an additional 88,483 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC acquired a new stake in shares of Newell Brands in the 4th quarter valued at $434,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Stock Performance

NWL traded down $0.36 during trading on Tuesday, hitting $5.42. 9,530,057 shares of the stock were exchanged, compared to its average volume of 7,706,413. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a fifty day moving average price of $5.27 and a two-hundred day moving average price of $7.33. The firm has a market capitalization of $2.26 billion, a P/E ratio of 8.63 and a beta of 0.97.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The firm's revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors 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 dividend yield of 5.17%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio is currently -47.46%.

Analyst Ratings Changes

A number of equities analysts recently commented on NWL shares. JPMorgan Chase & Co. upgraded shares of Newell Brands from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $6.00 to $7.00 in a research note on Friday. Wells Fargo & Company lowered their price objective on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Truist Financial decreased their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a research note on Monday, April 28th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Newell Brands has an average rating of "Hold" and an average target price of $7.53.

About Newell Brands

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.