Focus Partners Wealth Purchases 27,278 Shares of Newell Brands Inc. (NASDAQ:NWL)

Focus Partners Wealth raised its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 168.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,440 shares of the company’s stock after acquiring an additional 27,278 shares during the period. Focus Partners Wealth’s holdings in Newell Brands were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Newell Brands by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock worth $39,761,000 after purchasing an additional 178,028 shares during the last quarter. Amundi grew its holdings in shares of Newell Brands by 194.4% in the fourth quarter. Amundi now owns 215,597 shares of the company’s stock worth $2,121,000 after purchasing an additional 142,361 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Newell Brands in the fourth quarter worth about $9,877,000. Empowered Funds LLC grew its holdings in shares of Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock worth $999,000 after purchasing an additional 88,483 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new position in shares of Newell Brands in the fourth quarter worth about $434,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

NWL stock opened at $5.71 on Wednesday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -10.98, a PEG ratio of 0.95 and a beta of 0.92. The firm has a 50-day simple moving average of $5.50 and a two-hundred day simple moving average of $7.82. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm’s revenue was down 5.3% on a year-over-year basis. On average, equities analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands’s payout ratio is currently -47.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NWL shares. Truist Financial cut their price target on shares of Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. Barclays increased their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, UBS Group dropped their target price on shares of Newell Brands from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.42.

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.