Ensign Peak Advisors Inc Purchases 9,660 Shares of Newell Brands Inc. (NASDAQ:NWL)

Ensign Peak Advisors Inc boosted its position in Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 11.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 92,414 shares of the company’s stock after purchasing an additional 9,660 shares during the period. Ensign Peak Advisors Inc’s holdings in Newell Brands were worth $1,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mariner LLC grew its position in shares of Newell Brands by 3.3% during the 1st quarter. Mariner LLC now owns 16,544 shares of the company’s stock valued at $355,000 after acquiring an additional 532 shares during the period. Private Advisor Group LLC grew its position in shares of Newell Brands by 5.0% during the 1st quarter. Private Advisor Group LLC now owns 12,567 shares of the company’s stock valued at $269,000 after acquiring an additional 593 shares during the period. Wakefield Asset Management LLLP grew its position in shares of Newell Brands by 4.6% during the 2nd quarter. Wakefield Asset Management LLLP now owns 16,301 shares of the company’s stock valued at $310,000 after acquiring an additional 718 shares during the period. Kinneret Advisory LLC grew its position in shares of Newell Brands by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 33,080 shares of the company’s stock valued at $708,000 after acquiring an additional 739 shares during the period. Finally, Yousif Capital Management LLC grew its position in shares of Newell Brands by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 58,920 shares of the company’s stock valued at $1,261,000 after acquiring an additional 745 shares during the period. 92.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NWL. Raymond James reduced their target price on shares of Newell Brands from $18.00 to $17.00 and set a “strong-buy” rating for the company in a research report on Monday, February 13th. Morgan Stanley cut their price objective on shares of Newell Brands from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, February 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Newell Brands from $15.00 to $17.00 in a report on Monday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Newell Brands from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, January 13th. Finally, Wells Fargo & Company raised their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.55.

Insider Activity

In other news, Director Brett Icahn sold 107,372 shares of the firm’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $15.37, for a total transaction of $1,650,307.64. Following the sale, the director now owns 845,631 shares in the company, valued at approximately $12,997,348.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Newell Brands Stock Performance

NASDAQ NWL opened at $12.24 on Friday. Newell Brands Inc. has a 1 year low of $12.15 and a 1 year high of $24.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.32 and a quick ratio of 0.60. The stock has a market capitalization of $5.06 billion, a PE ratio of 24.00 and a beta of 0.94. The company’s 50 day simple moving average is $14.81 and its two-hundred day simple moving average is $14.30.

Newell Brands (NASDAQ:NWL – Get Rating) last posted its earnings results on Friday, February 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Newell Brands had a net margin of 2.33% and a return on equity of 17.76%. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. Analysts predict that Newell Brands Inc. will post 1.04 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Monday, February 27th. Newell Brands’s dividend payout ratio (DPR) is currently 180.40%.

About Newell Brands

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Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment includes commercial cleaning and maintenance solutions, closet and garage organization, hygiene systems and material handling solutions, connected home and security, and smoke and carbon monoxide alarms.