New York State Common Retirement Fund Has $2.18 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

New York State Common Retirement Fund lowered its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,530 shares of the company’s stock after selling 35,843 shares during the quarter. New York State Common Retirement Fund’s holdings in Newell Brands were worth $2,183,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Illinois Municipal Retirement Fund acquired a new stake in Newell Brands during the fourth quarter worth approximately $1,825,000. Signaturefd LLC grew its position in shares of Newell Brands by 36.0% during the 4th quarter. Signaturefd LLC now owns 16,656 shares of the company’s stock worth $145,000 after buying an additional 4,413 shares during the period. Federated Hermes Inc. increased its stake in shares of Newell Brands by 45.5% in the 4th quarter. Federated Hermes Inc. now owns 90,511 shares of the company’s stock valued at $786,000 after acquiring an additional 28,320 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Newell Brands by 14.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,080 shares of the company’s stock valued at $773,000 after acquiring an additional 11,450 shares in the last quarter. Finally, Everence Capital Management Inc. lifted its position in shares of Newell Brands by 37.1% during the 4th quarter. Everence Capital Management Inc. now owns 50,860 shares of the company’s stock valued at $441,000 after acquiring an additional 13,760 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NWL. Barclays lifted their price target on shares of Newell Brands from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Tuesday, April 30th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $8.50 in a research note on Friday, February 16th. Wells Fargo & Company increased their price target on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. 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, Canaccord Genuity Group increased their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.61.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $7.96 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The stock has a market cap of $3.30 billion, a PE ratio of -11.06, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. The stock’s fifty day simple moving average is $7.52 and its two-hundred day simple moving average is $7.78. Newell Brands Inc. has a 1-year low of $6.49 and a 1-year high of $11.61.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned ($0.06) earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, analysts forecast that Newell Brands Inc. will post 0.6 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio is presently -38.89%.

About Newell Brands

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.