Sequoia Financial Advisors LLC Purchases 4,327 Shares of Newell Brands Inc. (NASDAQ:NWL)

Sequoia Financial Advisors LLC lifted its position in Newell Brands Inc. (NASDAQ:NWL) by 35.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,369 shares of the company’s stock after acquiring an additional 4,327 shares during the period. Sequoia Financial Advisors LLC’s holdings in Newell Brands were worth $126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Newell Brands during the 2nd quarter valued at approximately $26,000. Gradient Investments LLC bought a new position in Newell Brands during the 2nd quarter valued at approximately $46,000. Quarry LP increased its position in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares in the last quarter. Innealta Capital LLC bought a new position in Newell Brands during the 2nd quarter valued at approximately $58,000. Finally, GAMMA Investing LLC increased its position in Newell Brands by 40.4% during the 2nd quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock valued at $76,000 after buying an additional 3,412 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Canaccord Genuity Group increased their target price on Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial increased their target price on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.90.

Newell Brands Stock Performance

NWL stock opened at $8.99 on Wednesday. The company has a market cap of $3.74 billion, a P/E ratio of -14.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.68. 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 stock’s fifty day moving average price is $7.51 and its 200-day moving average price is $7.34.

Newell Brands (NASDAQ:NWL) last released 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 the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities analysts forecast that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.11%. 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.