Keybank National Association OH Acquires Shares of 17,473 Newell Brands Inc. (NASDAQ:NWL)

Keybank National Association OH acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,473 shares of the company’s stock, valued at approximately $174,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NWL. Venturi Wealth Management LLC purchased a new position in Newell Brands during the third quarter valued at $70,000. Claro Advisors LLC purchased a new position in shares of Newell Brands in the 3rd quarter worth about $79,000. Smartleaf Asset Management LLC raised its position in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after purchasing an additional 4,617 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in shares of Newell Brands in the 3rd quarter worth about $92,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Down 2.8 %

NWL stock opened at $6.54 on Wednesday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The stock has a market cap of $2.72 billion, a P/E ratio of -12.58, a PEG ratio of 0.95 and a beta of 0.88. The business’s 50-day moving average price is $8.54 and its 200-day moving average price is $8.58.

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, beating 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 in the previous year, the company posted $0.22 EPS. On average, equities research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.28%. Newell Brands’s dividend payout ratio is presently -53.85%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NWL shares. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays lifted 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. UBS Group lifted their price target on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Royal Bank of Canada lowered their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, February 10th. Finally, Citigroup reduced their price objective on Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Newell Brands currently has an average rating of “Hold” and an average 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.