Smartleaf Asset Management LLC Increases Stake in Newell Brands Inc. (NASDAQ:NWL)

Smartleaf Asset Management LLC raised its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 140.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,912 shares of the company’s stock after purchasing an additional 4,617 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Newell Brands were worth $79,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Newell Brands by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock worth $127,629,000 after acquiring an additional 2,634,114 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of Newell Brands by 4.8% in the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock worth $113,073,000 after purchasing an additional 674,015 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Newell Brands in the fourth quarter worth $72,431,000. Geode Capital Management LLC lifted its holdings in shares of Newell Brands by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company’s stock valued at $50,973,000 after purchasing an additional 115,459 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Newell Brands by 5,324.8% during the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock valued at $36,282,000 after buying an additional 4,637,180 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NWL shares. UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Royal Bank of Canada lowered their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, February 10th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays increased their price target on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and an average target price of $10.81.

Newell Brands Trading Up 0.9 %

NASDAQ:NWL opened at $6.75 on Monday. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78. The business has a fifty day moving average price of $8.68 and a 200-day moving average price of $8.59. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -12.98, a price-to-earnings-growth 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 posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $0.22 EPS. Sell-side analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, February 28th. Newell Brands’s dividend payout ratio is currently -53.85%.

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.