First Trust Advisors LP Raises Position in Newell Brands Inc. (NASDAQ:NWL)

First Trust Advisors LP raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 884,621 shares of the company’s stock after acquiring an additional 35,479 shares during the quarter. First Trust Advisors LP owned approximately 0.21% of Newell Brands worth $12,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Fairfield Bush & CO. purchased a new position in shares of Newell Brands during the 1st quarter valued at $26,000. Private Trust Co. NA purchased a new position in shares of Newell Brands during the 2nd quarter valued at $33,000. Wipfli Financial Advisors LLC purchased a new position in shares of Newell Brands during the 3rd quarter valued at $34,000. CoreCap Advisors LLC purchased a new position in shares of Newell Brands during the 2nd quarter valued at $38,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Newell Brands during the 2nd quarter valued at $67,000. Hedge funds and other institutional investors own 92.31% of the company’s stock.

Insider Buying and Selling at Newell Brands

In other news, Director Brett Icahn sold 107,372 shares of the stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $15.37, for a total value of $1,650,307.64. Following the completion of the sale, the director now directly owns 845,631 shares in the company, valued at $12,997,348.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Newell Brands from $15.00 to $17.00 in a research note on Monday, January 30th. Morgan Stanley reduced their target price on shares of Newell Brands from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Newell Brands from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. Royal Bank of Canada lowered their price target on shares of Newell Brands from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Monday, February 13th. Finally, Barclays reduced their price objective on shares of Newell Brands from $13.00 to $11.00 and set an “underweight” rating for the company in a research note on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Newell Brands presently has an average rating of “Hold” and an average price target of $17.55.

Newell Brands Stock Down 6.0 %

NASDAQ:NWL opened at $12.24 on Friday. The company’s fifty day moving average price is $14.81 and its 200-day moving average price is $14.30. Newell Brands Inc. has a 1-year low of $12.15 and a 1-year high of $24.70. The firm has a market capitalization of $5.06 billion, a P/E ratio of 24.00 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.32 and a quick ratio of 0.60.

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

Newell Brands Dividend Announcement

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

Newell Brands Company Profile

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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.