Teacher Retirement System of Texas Grows Stake in Newell Brands Inc. (NASDAQ:NWL)

Teacher Retirement System of Texas lifted its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 67.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,253 shares of the company’s stock after buying an additional 33,861 shares during the quarter. Teacher Retirement System of Texas’ holdings in Newell Brands were worth $522,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Signaturefd LLC increased its holdings in Newell Brands by 12.4% during the 4th quarter. Signaturefd LLC now owns 14,025 shares of the company’s stock worth $140,000 after acquiring an additional 1,550 shares during the period. Quadrant Capital Group LLC increased its holdings in Newell Brands by 14.5% during the 4th quarter. Quadrant Capital Group LLC now owns 13,551 shares of the company’s stock worth $135,000 after acquiring an additional 1,713 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Newell Brands by 10.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 18,149 shares of the company’s stock worth $181,000 after acquiring an additional 1,780 shares during the period. Argent Trust Co increased its holdings in Newell Brands by 9.3% during the 4th quarter. Argent Trust Co now owns 23,447 shares of the company’s stock worth $234,000 after acquiring an additional 2,000 shares during the period. Finally, Zacks Investment Management increased its holdings in Newell Brands by 9.5% during the 4th quarter. Zacks Investment Management now owns 25,828 shares of the company’s stock worth $257,000 after acquiring an additional 2,234 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Trading Up 0.7%

NASDAQ:NWL opened at $5.46 on Thursday. The company has a 50-day moving average price of $5.56 and a 200-day moving average price of $6.63. Newell Brands Inc. has a 12 month low of $4.22 and a 12 month high of $11.78. The company has a current ratio of 1.13, a quick ratio of 0.54 and a debt-to-equity ratio of 1.68. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of -9.25 and a beta of 0.96.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. The company 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 3.26% and a positive return on equity of 9.95%. Newell Brands’s revenue was down 5.3% on a year-over-year basis. Equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.13%. Newell Brands’s dividend payout ratio is presently -47.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NWL shares. Citigroup reissued a “neutral” rating and issued a $6.00 price target (up previously from $5.00) on shares of Newell Brands in a report on Tuesday. Wells Fargo & Company increased their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Barclays increased their price target 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. Truist Financial reduced their target price 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. Finally, UBS Group reduced 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.78.

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.