Inspire Investing LLC Has $355,000 Holdings in Newell Brands Inc. (NASDAQ:NWL)

Inspire Investing LLC increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 23.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,324 shares of the company’s stock after buying an additional 10,437 shares during the quarter. Inspire Investing LLC’s holdings in Newell Brands were worth $355,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Seven Eight Capital LP raised its stake in shares of Newell Brands by 292.2% in the 2nd quarter. Seven Eight Capital LP now owns 135,571 shares of the company’s stock valued at $869,000 after purchasing an additional 101,003 shares during the period. Argent Trust Co acquired a new stake in shares of Newell Brands in the 2nd quarter valued at about $142,000. Primecap Management Co. CA raised its stake in shares of Newell Brands by 17.7% in the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock valued at $90,054,000 after purchasing an additional 2,109,892 shares during the period. Savoir Faire Capital Management L.P. raised its stake in shares of Newell Brands by 101.5% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 345,153 shares of the company’s stock valued at $2,212,000 after purchasing an additional 173,824 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after purchasing an additional 2,668,384 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Down 0.5 %

NWL stock opened at $7.44 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $3.09 billion, a PE ratio of -10.33, a PEG ratio of 1.27 and a beta of 0.91. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $9.47. The business’s 50 day simple moving average is $7.33 and its 200 day simple moving average is $7.35.

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

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, August 30th. Newell Brands’s payout ratio is presently -38.89%.

Analysts Set New Price Targets

NWL has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Citigroup cut Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Truist Financial raised their price objective on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Canaccord Genuity Group raised their price objective on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and a consensus price target of $8.82.

Newell Brands 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.