First Trust Advisors LP Invests $3.62 Million in Newell Brands Inc. (NASDAQ:NWL)

First Trust Advisors LP acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the 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.

Several other large investors also recently bought and sold shares of NWL. Harvest Fund Management Co. Ltd acquired a new stake in shares of Newell Brands in the 4th quarter valued at approximately $46,000. Smartleaf Asset Management LLC grew its stake in Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after acquiring an additional 4,617 shares during the period. Versant Capital Management Inc grew its position in shares of Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after purchasing an additional 1,666 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Newell Brands during the 4th quarter valued at about $101,000. Finally, Seeds Investor LLC purchased a new position in shares of Newell Brands during the 4th quarter worth about $105,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. UBS Group dropped their target price on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Barclays lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. StockNews.com raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, JPMorgan Chase & Co. decreased 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Newell Brands has a consensus rating of "Hold" and a consensus target price of $7.42.

Newell Brands Stock Performance

Shares of NWL stock traded up $0.11 during trading on Thursday, reaching $5.11. The company had a trading volume of 1,605,875 shares, compared to its average volume of 6,940,374. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The firm's 50 day simple moving average is $5.64 and its two-hundred day simple moving average is $7.99. The company has a market capitalization of $2.13 billion, a PE ratio of -9.83, a PEG ratio of 0.95 and a beta of 0.92. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. Newell Brands's revenue for the quarter was down 5.3% on a year-over-year basis. Sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.48%. Newell Brands's dividend payout ratio is currently -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.