Handelsinvest Investeringsforvaltning Reduces Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Handelsinvest Investeringsforvaltning decreased its position in Newell Brands Inc. (NASDAQ:NWLFree Report) by 34.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,126 shares of the company’s stock after selling 11,488 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Newell Brands were worth $178,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP lifted its stake in Newell Brands by 106.2% in the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after purchasing an additional 2,437 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Newell Brands during the fourth quarter worth $45,000. NBC Securities Inc. lifted its position in shares of Newell Brands by 50.5% during the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after acquiring an additional 1,780 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Newell Brands during the fourth quarter worth $61,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Newell Brands during the fourth quarter worth $88,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NWL. Wells Fargo & Company increased their target price on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Barclays upgraded Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price on the stock in a research report on Tuesday, May 14th. Citigroup increased their target price on Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Canaccord Genuity Group increased their price objective on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $8.70.

Get Our Latest Report on NWL

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $6.27 on Thursday. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. Newell Brands Inc. has a 12-month low of $6.20 and a 12-month high of $11.61. The stock’s 50-day moving average price is $7.44 and its 200-day moving average price is $7.74.

Newell Brands (NASDAQ:NWLGet Free Report) last posted its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. Newell Brands’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. Sell-side analysts expect that Newell Brands Inc. will post 0.6 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.07 per share. The ex-dividend date was Friday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 4.47%. Newell Brands’s payout ratio is -38.89%.

Newell Brands Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

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