Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,376 shares of the company’s stock after purchasing an additional 1,666 shares during the quarter. Versant Capital Management Inc’s holdings in Newell Brands were worth $83,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Newell Brands by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company’s stock valued at $18,077,000 after purchasing an additional 215,759 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Newell Brands in the second quarter valued at $26,000. Commonwealth Equity Services LLC raised its holdings in shares of Newell Brands by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 112,448 shares of the company’s stock valued at $721,000 after buying an additional 6,273 shares during the period. Versor Investments LP acquired a new position in Newell Brands during the 2nd quarter worth about $269,000. Finally, Victory Capital Management Inc. boosted its holdings in Newell Brands by 3.8% during the 2nd quarter. Victory Capital Management Inc. now owns 87,086 shares of the company’s stock valued at $558,000 after acquiring an additional 3,228 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NWL. Wells Fargo & Company boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Canaccord Genuity Group increased their target price on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. decreased their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $10.00 in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.00.

Newell Brands Trading Up 0.1 %

NWL opened at $9.99 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78. The company has a market cap of $4.16 billion, a P/E ratio of -16.65, a PEG ratio of 1.02 and a beta of 0.90. The business’s 50-day simple moving average is $9.73 and its 200-day simple moving average is $8.07.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. As a group, equities research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.80%. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

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.