First Trust Advisors LP Purchases Shares of 363,559 Newell Brands Inc. (NASDAQ:NWL)

First Trust Advisors LP acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 363,559 shares of the company's stock, valued at approximately $3,621,000. First Trust Advisors LP owned about 0.09% of Newell Brands at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock valued at $144,695,000 after buying an additional 10,172,696 shares during the period. Hennessy Advisors Inc. purchased a new position in Newell Brands in the fourth quarter worth about $72,431,000. Norges Bank bought a new stake in shares of Newell Brands during the 4th quarter valued at about $37,174,000. FIL Ltd increased its position in shares of Newell Brands by 109.2% during the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company's stock valued at $56,980,000 after purchasing an additional 2,986,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake 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 purchasing an additional 2,282,949 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 target price on shares of Newell Brands in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup lowered their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com raised shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.42.

Newell Brands Stock Performance

Shares of NWL traded down $0.15 during mid-day trading on Monday, reaching $5.10. The company had a trading volume of 9,425,181 shares, compared to its average volume of 6,917,343. The stock has a market capitalization of $2.13 billion, a P/E ratio of -9.81, a PEG ratio of 0.95 and a beta of 0.92. Newell Brands Inc. has a 52-week low of $4.22 and a 52-week high of $11.78. The stock has a 50 day moving average of $5.73 and a two-hundred day moving average of $8.05. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The company's revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 5.49%. Newell Brands's payout ratio is currently -47.46%.

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.