Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP raised its holdings in Newell Brands Inc. (NASDAQ:NWL) by 45.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,716 shares of the company’s stock after purchasing an additional 10,511 shares during the quarter. Qsemble Capital Management LP’s holdings in Newell Brands were worth $216,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rothschild Investment LLC purchased a new stake in shares of Newell Brands in the second quarter valued at about $26,000. Quarry LP boosted its holdings in Newell Brands by 106.2% in the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after purchasing an additional 2,437 shares in the last quarter. NBC Securities Inc. increased its position in Newell Brands by 50.5% during the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after purchasing an additional 1,780 shares during the period. Quest Partners LLC purchased a new position in shares of Newell Brands during the 4th quarter worth approximately $45,000. Finally, Gradient Investments LLC acquired a new stake in shares of Newell Brands in the 2nd quarter valued at approximately $46,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Price Performance

Newell Brands stock opened at $7.83 on Friday. The stock has a market capitalization of $3.25 billion, a P/E ratio of -10.88, a P/E/G ratio of 1.27 and a beta of 0.91. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. The firm’s 50-day moving average is $7.18 and its two-hundred day moving average is $7.34.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned $0.24 EPS. Newell Brands’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities analysts predict that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, August 30th. Newell Brands’s payout ratio is -38.89%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NWL. Truist Financial increased their price objective on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada lifted their price target on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their price target on Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.82.

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.