991,627 Shares in Newell Brands Inc. (NASDAQ:NWL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 991,627 shares of the company’s stock, valued at approximately $9,877,000. Raymond James Financial Inc. owned about 0.24% of Newell Brands at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NWL. Charles Schwab Investment Management Inc. raised its holdings in shares of Newell Brands by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock valued at $39,761,000 after purchasing an additional 178,028 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after purchasing an additional 88,483 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Newell Brands by 7.7% in the third quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock valued at $9,476,000 after purchasing an additional 88,164 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $762,000. Finally, Wedmont Private Capital acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $565,000. Institutional investors own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NWL. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, February 10th. UBS Group boosted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Finally, Citigroup lowered their target price on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.81.

Newell Brands Trading Down 1.4 %

Shares of Newell Brands stock opened at $6.45 on Friday. The firm has a 50-day moving average of $8.00 and a 200-day moving average of $8.53. The stock has a market cap of $2.68 billion, a PE ratio of -12.40, a PEG ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the business earned $0.22 earnings per share. As a group, sell-side analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s dividend payout ratio is currently -53.85%.

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.