Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its stake in Newell Brands Inc. (NASDAQ:NWL) by 36.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,656 shares of the company’s stock after purchasing an additional 4,413 shares during the quarter. Signaturefd LLC’s holdings in Newell Brands were worth $145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Avior Wealth Management LLC purchased a new stake in shares of Newell Brands in the third quarter valued at $25,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Newell Brands in the third quarter valued at $51,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Newell Brands in the fourth quarter valued at $88,000. RFP Financial Group LLC grew its position in Newell Brands by 81.1% during the third quarter. RFP Financial Group LLC now owns 10,050 shares of the company’s stock valued at $91,000 after acquiring an additional 4,500 shares during the period. Finally, Prime Capital Investment Advisors LLC purchased a new stake in Newell Brands during the fourth quarter valued at about $94,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Trading Up 12.2 %

NASDAQ:NWL opened at $7.79 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. Newell Brands Inc. has a one year low of $6.49 and a one year high of $12.31. The business’s 50-day simple moving average is $7.49 and its 200 day simple moving average is $7.74. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -10.82, a price-to-earnings-growth ratio of 1.54 and a beta of 0.95.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.56 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NWL shares. Citigroup lowered their price target on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, February 12th. Royal Bank of Canada lowered their price target on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Monday, February 12th. JPMorgan Chase & Co. boosted their price target on Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $8.50 in a research report on Friday, February 16th. Finally, Barclays upped their target price on Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.13.

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.