Voya Investment Management LLC Purchases 112,649 Shares of Newell Brands Inc. (NASDAQ:NWL)

Voya Investment Management LLC lifted its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 208.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 166,618 shares of the company's stock after buying an additional 112,649 shares during the quarter. Voya Investment Management LLC's holdings in Newell Brands were worth $1,660,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Syon Capital LLC purchased a new stake in Newell Brands during the 4th quarter valued at approximately $246,000. Price T Rowe Associates Inc. MD grew its stake in Newell Brands by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 264,907 shares of the company's stock valued at $2,639,000 after acquiring an additional 24,466 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Newell Brands by 53.4% in the 4th quarter. Hsbc Holdings PLC now owns 40,219 shares of the company's stock valued at $402,000 after acquiring an additional 13,998 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Newell Brands by 85.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 22,319 shares of the company's stock worth $222,000 after purchasing an additional 10,280 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Newell Brands by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after purchasing an additional 3,188,718 shares during the last quarter. Institutional investors own 92.50% of the company's stock.

Analyst Ratings Changes

NWL has been the topic of several research reports. Canaccord Genuity Group reduced their target price on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Wells Fargo & Company lowered their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Truist Financial reduced their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays upped their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.42.

Newell Brands Trading Down 0.8 %

Shares of Newell Brands stock traded down $0.04 during trading on Friday, hitting $5.22. The stock had a trading volume of 6,884,202 shares, compared to its average volume of 7,011,840. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. 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 fifty day simple moving average is $5.60 and its 200-day simple moving average is $7.96. The stock has a market cap of $2.18 billion, a PE ratio of -10.04, a PEG ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a yield of 5.36%. Newell Brands's dividend payout ratio (DPR) is -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.