Cerity Partners LLC Boosts Stake in Newell Brands Inc. (NASDAQ:NWL)

Cerity Partners LLC boosted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 84.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 179,863 shares of the company's stock after purchasing an additional 82,513 shares during the period. Cerity Partners LLC's holdings in Newell Brands were worth $1,115,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Newell Brands by 2.4% during the first quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company's stock worth $12,801,000 after acquiring an additional 48,904 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Newell Brands by 67.2% in the first quarter. Teacher Retirement System of Texas now owns 84,253 shares of the company's stock valued at $522,000 after buying an additional 33,861 shares in the last quarter. Whitegate Investment Counselors Inc. acquired a new stake in shares of Newell Brands in the first quarter valued at approximately $94,000. Elevated Capital Advisors LLC raised its position in shares of Newell Brands by 20.2% in the first quarter. Elevated Capital Advisors LLC now owns 74,335 shares of the company's stock valued at $461,000 after buying an additional 12,486 shares in the last quarter. Finally, QSM Asset Management Ltd raised its position in shares of Newell Brands by 33.4% in the first quarter. QSM Asset Management Ltd now owns 1,078,450 shares of the company's stock valued at $6,579,000 after buying an additional 270,000 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Up 2.0%

Shares of NWL stock traded up $0.12 on Friday, reaching $6.27. 4,961,656 shares of the company were exchanged, compared to its average volume of 6,919,244. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -10.63 and a beta of 0.96. The company has a 50-day moving average of $5.59 and a 200-day moving average of $6.41. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.13 and a quick ratio of 0.54. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78.

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

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.07 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.47%. Newell Brands's dividend payout ratio is presently -47.46%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. UBS Group upped their price target on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Citigroup reissued a "neutral" rating and issued a $6.00 price objective (up previously from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.94.

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.