Quarry LP Buys 6,575 Shares of Newell Brands Inc. (NASDAQ:NWL)

Quarry LP increased its stake in Newell Brands Inc. (NASDAQ:NWL) by 82.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,516 shares of the company’s stock after acquiring an additional 6,575 shares during the period. Quarry LP’s holdings in Newell Brands were worth $111,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hilltop Holdings Inc. grew its holdings in Newell Brands by 26.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 118,611 shares of the company’s stock worth $911,000 after acquiring an additional 25,097 shares during the period. ARGA Investment Management LP grew its holdings in Newell Brands by 24.0% during the 3rd quarter. ARGA Investment Management LP now owns 852,506 shares of the company’s stock worth $6,547,000 after acquiring an additional 164,799 shares during the period. Maverick Capital Ltd. acquired a new stake in Newell Brands during the 3rd quarter worth $2,055,000. Verition Fund Management LLC grew its holdings in Newell Brands by 1,485.4% during the 3rd quarter. Verition Fund Management LLC now owns 496,239 shares of the company’s stock worth $3,811,000 after acquiring an additional 464,938 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Newell Brands by 6.5% during the 3rd quarter. Captrust Financial Advisors now owns 86,782 shares of the company’s stock worth $666,000 after acquiring an additional 5,305 shares during the period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $10.31 on Friday. The firm has a market cap of $4.29 billion, a PE ratio of -17.18, a PEG ratio of 0.93 and a beta of 0.90. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $10.44. The company has a fifty day moving average price of $8.57 and a 200 day moving average price of $7.65.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. Research analysts predict that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 2.72%. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Wells Fargo & Company boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday. Finally, Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.30.

Newell Brands Company 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.