Asset Management One Co. Ltd. Buys Shares of 99,972 Newell Brands Inc. (NASDAQ:NWL)

Asset Management One Co. Ltd. acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 99,972 shares of the company's stock, valued at approximately $620,000.

A number of other institutional investors also recently added to or reduced their stakes in NWL. AssuredPartners Investment Advisors LLC boosted its holdings in shares of Newell Brands by 10.1% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 47,979 shares of the company's stock worth $297,000 after acquiring an additional 4,398 shares in the last quarter. Register Financial Advisors LLC boosted its holdings in shares of Newell Brands by 27.2% in the 1st quarter. Register Financial Advisors LLC now owns 18,722 shares of the company's stock worth $116,000 after acquiring an additional 4,005 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Newell Brands by 121.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock worth $889,000 after acquiring an additional 78,718 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new position in shares of Newell Brands in the 1st quarter worth approximately $183,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Newell Brands in the 1st quarter worth approximately $4,057,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on NWL shares. Wells Fargo & Company reduced their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Canaccord Genuity Group reduced their target price on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. UBS Group reduced their target price on Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. raised 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 report on Friday, June 13th. Finally, Citigroup reduced their target price on Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Newell Brands has an average rating of "Hold" and an average target price of $7.53.

Newell Brands Trading Up 0.2%

NASDAQ:NWL traded up $0.01 during trading hours on Friday, hitting $5.93. 5,482,313 shares of the stock were exchanged, compared to its average volume of 7,914,466. The company's 50 day moving average is $5.44 and its two-hundred day moving average is $6.90. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $2.48 billion, a P/E ratio of -10.05 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.54 billion. The company's quarterly revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands's payout ratio is -47.46%.

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.