Sterling Capital Management LLC Has $1.34 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

Sterling Capital Management LLC boosted its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 716.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,570 shares of the company's stock after buying an additional 118,080 shares during the period. Sterling Capital Management LLC's holdings in Newell Brands were worth $1,340,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NWL. Harvest Fund Management Co. Ltd acquired a new position in Newell Brands during the fourth quarter valued at $46,000. Smartleaf Asset Management LLC lifted its position in shares of Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after purchasing an additional 4,617 shares in the last quarter. Versant Capital Management Inc increased its stake in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after buying an additional 1,666 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Newell Brands in the 4th quarter worth approximately $101,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Newell Brands during the 4th quarter valued at $107,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Performance

NWL stock traded up $0.07 during mid-day trading on Friday, reaching $4.70. 6,670,824 shares of the stock traded hands, compared to its average volume of 6,692,593. The firm has a market capitalization of $1.96 billion, a PE ratio of -9.04, a P/E/G ratio of 0.95 and a beta of 0.84. The business has a 50-day moving average of $6.11 and a two-hundred day moving average of $8.23. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. 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 announced its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the prior year, the business posted $0.22 earnings per share. As a group, equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is currently -53.85%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NWL. JPMorgan Chase & Co. cut their price objective on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th. UBS Group reduced their price target on Newell Brands from $8.00 to $5.50 and set a "neutral" rating for the company in a report on Thursday. Wells Fargo & Company dropped their price objective on Newell Brands from $7.00 to $6.00 and set an "equal weight" rating on the stock in a report on Wednesday. Canaccord Genuity Group reduced their target price on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Finally, Royal Bank of Canada cut their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $9.14.

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.