Teacher Retirement System of Texas Boosts Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Teacher Retirement System of Texas grew its holdings in Newell Brands Inc. (NASDAQ:NWL) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,392 shares of the company’s stock after purchasing an additional 7,256 shares during the period. Teacher Retirement System of Texas’ holdings in Newell Brands were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. PFG Investments LLC increased its holdings in Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock worth $157,000 after purchasing an additional 981 shares during the period. TriaGen Wealth Management LLC grew its position in shares of Newell Brands by 1.7% during the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock worth $583,000 after buying an additional 991 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after buying an additional 1,125 shares during the period. Optas LLC raised its holdings in shares of Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Accurate Wealth Management LLC grew its holdings in Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock worth $116,000 after acquiring an additional 1,531 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Down 3.0 %

Newell Brands stock opened at $6.20 on Tuesday. The business has a fifty day moving average price of $7.58 and a 200-day moving average price of $8.51. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -11.92, a PEG ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter last year, the business earned $0.22 EPS. Equities research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.52%. Newell Brands’s payout ratio is -53.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Royal Bank of Canada reduced their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Barclays boosted their price target on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, UBS Group raised their price objective on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.81.

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.