Quantinno Capital Management LP grew its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 89.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 660,790 shares of the company's stock after buying an additional 311,425 shares during the quarter. Quantinno Capital Management LP owned 0.16% of Newell Brands worth $6,581,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Newell Brands by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock valued at $467,053,000 after acquiring an additional 1,974,823 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Newell Brands by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after buying an additional 3,188,718 shares during the period. FMR LLC increased its stake 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 buying an additional 10,172,696 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Newell Brands by 12.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock valued at $127,091,000 after buying an additional 1,363,913 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in Newell Brands in the 4th quarter valued at about $72,431,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have commented on NWL. UBS Group reduced 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. Barclays raised their price target on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. StockNews.com upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Canaccord Genuity Group lowered their target price on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Citigroup reduced their price target on Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.42.
Read Our Latest Report on Newell Brands
Newell Brands Stock Performance
NWL traded up $0.02 on Tuesday, reaching $5.71. 7,449,080 shares of the stock were exchanged, compared to its average volume of 7,123,733. 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 company's 50-day moving average price is $5.51 and its 200 day moving average price is $7.84. The firm has a market capitalization of $2.39 billion, a PE ratio of -10.98, a PEG ratio of 0.95 and a beta of 0.92. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last released its 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. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.
Newell Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands's payout ratio is -47.46%.
About Newell Brands
(
Free Report)
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.
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