Signaturefd LLC Sells 7,433 Shares of Newell Brands Inc. (NASDAQ:NWL)

Signaturefd LLC cut its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 37.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,475 shares of the company’s stock after selling 7,433 shares during the period. Signaturefd LLC’s holdings in Newell Brands were worth $96,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rothschild Investment LLC acquired a new stake in Newell Brands in the second quarter valued at approximately $26,000. Gradient Investments LLC acquired a new stake in shares of Newell Brands during the second quarter worth $46,000. Quarry LP lifted its stake in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after buying an additional 4,056 shares during the period. Innealta Capital LLC purchased a new position in shares of Newell Brands during the second quarter worth $58,000. Finally, GAMMA Investing LLC raised its holdings in shares of Newell Brands by 40.4% during the second quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock worth $76,000 after purchasing an additional 3,412 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. cut their price objective on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Citigroup cut shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.90.

Newell Brands Stock Performance

NASDAQ:NWL opened at $9.53 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -15.88, a PEG ratio of 1.52 and a beta of 0.91. The company’s 50-day moving average is $7.48 and its two-hundred day moving average is $7.33. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $9.68.

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

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, August 30th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

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.