190,700 Shares in Newell Brands Inc. (NASDAQ:NWL) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Newell Brands Inc. (NASDAQ:NWL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 190,700 shares of the company’s stock, valued at approximately $1,655,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new stake in Newell Brands during the first quarter worth $26,000. Avior Wealth Management LLC purchased a new stake in Newell Brands during the third quarter worth $25,000. Resources Management Corp CT ADV lifted its holdings in Newell Brands by 6,000.0% during the second quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company’s stock worth $27,000 after buying an additional 3,000 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Newell Brands by 711.7% during the first quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company’s stock worth $88,000 after buying an additional 3,601 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Newell Brands during the third quarter worth $51,000. Institutional investors own 92.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NWL. UBS Group lowered Newell Brands from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $10.00 to $8.50 in a report on Friday, February 16th. Morgan Stanley decreased their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. Citigroup decreased their price objective on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, February 12th. Royal Bank of Canada decreased their price objective on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Finally, Barclays increased their price objective on Newell Brands from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and an average target price of $9.13.

Newell Brands Stock Down 0.4 %

NASDAQ NWL opened at $6.88 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63. The stock’s fifty day moving average price is $7.53 and its 200 day moving average price is $7.75. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $12.52.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue was down 8.1% on a year-over-year basis. As a group, analysts anticipate that Newell Brands Inc. will post 0.56 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.07%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio is currently -29.47%.

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.