Louisiana State Employees Retirement System acquired a new position at Newell Brands, Inc. (NASDAQ:NWL – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 190,700 shares of the company, valued at approximately $1.655 million.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & Colorado bought a new stake in Newell Brands in the 1st quarter valued at $26,000. Avior Wealth Management LLC bought a new stake in Newell Brands during the 3rd quarter worth his $25,000. Resources Management Corp CT ADV increased its holdings in shares of Newell Brands by 6,000.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company's stock valued at $27,000 after purchasing an additional 3,000 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Newell Brands by 711.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company's stock valued at $88,000 after purchasing an additional 3,601 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Newell Brands during the 3rd quarter valued at $51,000. Institutional investors own 92.50% of the company's stock.
Analyst rating changes
Many research companies are paying attention to NWL. UBS Group lowered Newell Brands from a “buy” rating to a “neutral” rating and lowered their price objective from $10.00 to $8.50 in a report on Friday, February 16th. Morgan Stanley lowered their target price on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the company in a report on Monday, February 12th. Citigroup lowered their target price on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, February 12th. Royal Bank of Canada lowered their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and an average price target of $9.13.
Check out our latest stock price analysis for NWL.
Newell Brands stock fell 0.4%
The Nasdaq NWL opened at $6.88 on Friday. The company has a debt-equity ratio of 1.47, a current ratio of 1.16, and a quick ratio of 0.63. The stock's 50-day moving average price is $7.53 and its 200-day moving average price is $7.75. Newell Brands, Inc. has a 1-year low of $6.49 and a 1-year high of $12.52.
Newell Brands (NASDAQ:NWL – Get Free Report) last issued its earnings results on Friday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Newell Brands' return on equity was positive at 10.24%, and its net profit margin was negative at 4.77%. The company had revenue of $2.1 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company's EPS was $0.16. The company's revenue decreased by 8.1% compared to the same period last year. As a group, analysts expect Newell Brands, Inc. to post 0.56 EPS for the current fiscal year.
Newell Brand Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. The shareholder of record on Thursday, February 29th was awarded a dividend of $0.07 per share. This equates to an annualized dividend of $0.28 and a yield of 4.07%. The ex-dividend date was Wednesday, February 28th. Newell Brands' dividend payout ratio is currently -29.47%.
Newell brand profile
(Free report)
Newell Brands Inc designs, manufactures, sources and markets 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 solutions products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands. Organizing supplies for closets and garages. Sanitation systems and material handling solutions. Household items such as kitchen appliances are located under the crockpot, he said.
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