Assenagon Asset Management S.A. Makes New $5.84 Million Investment in Newell Brands Inc. (NASDAQ:NWL)

Assenagon Asset Management S.A. acquired a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 673,170 shares of the company's stock, valued at approximately $5,843,000. Assenagon Asset Management S.A. owned approximately 0.16% of Newell Brands at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new stake in shares of Newell Brands in the first quarter worth $26,000. Versant Capital Management Inc grew its stake in shares of Newell Brands by 1,935.1% in the third quarter. Versant Capital Management Inc now owns 2,727 shares of the company's stock worth $25,000 after acquiring an additional 2,593 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Newell Brands in the third quarter worth $25,000. Resources Management Corp CT ADV grew its stake in shares of Newell Brands by 6,000.0% in the second quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company's stock worth $27,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Newell Brands by 711.7% in the first quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company's stock worth $88,000 after acquiring an additional 3,601 shares during the last quarter. Institutional investors own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NWL shares. StockNews.com raised Newell Brands from a "sell" rating to a "hold" rating in a research report on Friday, December 15th. Morgan Stanley dropped their price objective on Newell Brands from $8.50 to $7.75 and set an "equal weight" rating on the stock in a research report on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on Newell Brands from $7.00 to $9.00 and gave the company a "neutral" rating in a research report on Tuesday, January 9th. Royal Bank of Canada dropped their price objective on Newell Brands from $9.00 to $7.50 and set a "sector perform" rating on the stock in a research report on Monday, February 12th. Finally, Barclays increased their target price on Newell Brands from $5.00 to $6.00 and gave the company an "underweight" rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.13.

Newell Brands Stock Performance

Shares of NASDAQ NWL traded down $0.19 during trading on Monday, hitting $7.84. The company had a trading volume of 3,870,153 shares, compared to its average volume of 5,433,214. The stock has a 50 day simple moving average of $7.83 and a 200 day simple moving average of $7.92. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $12.75. The firm has a market capitalization of $3.25 billion, a P/E ratio of -8.25, a price-to-earnings-growth ratio of 1.57 and a beta of 0.95.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $0.16 earnings per share. The business's revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, analysts anticipate that Newell Brands Inc. will post 0.57 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands's dividend payout ratio (DPR) is currently -29.47%.

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.