Asset Management One Co. Ltd. Makes New Investment in Newell Brands Inc. (NASDAQ:NWL)

Asset Management One Co. Ltd. bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 99,972 shares of the company's stock, valued at approximately $620,000.

A number of other hedge funds also recently bought and sold shares of NWL. FMR LLC grew its position in 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 purchasing an additional 10,172,696 shares during the last quarter. Norges Bank bought a new position in Newell Brands during the fourth quarter valued at about $37,174,000. Dimensional Fund Advisors LP increased its stake in Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after acquiring an additional 3,188,718 shares during the period. FIL Ltd raised its holdings in Newell Brands by 109.2% in the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company's stock valued at $56,980,000 after acquiring an additional 2,986,426 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Newell Brands by 214.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,349,136 shares of the company's stock worth $33,357,000 after acquiring an additional 2,282,949 shares during the period. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Price Performance

Shares of NWL stock traded up $0.29 during trading on Wednesday, hitting $5.92. The company had a trading volume of 13,346,934 shares, compared to its average volume of 7,898,656. The firm has a market capitalization of $2.47 billion, a P/E ratio of 8.40 and a beta of 0.96. Newell Brands Inc. has a one year low of $4.22 and a one year 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 stock's 50-day moving average price is $5.40 and its 200 day moving average price is $6.94.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands's revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts expect that Newell Brands Inc. will post 0.72 EPS 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 paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands's payout ratio is -47.46%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Truist Financial dropped their price objective on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised shares of Newell Brands from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $6.00 to $7.00 in a report on Friday, June 13th. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, UBS Group decreased their price objective on Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.53.

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.