Natixis Advisors LLC Boosts Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Natixis Advisors LLC increased its holdings in Newell Brands Inc. (NASDAQ:NWL) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,954 shares of the company’s stock after purchasing an additional 119,232 shares during the period. Natixis Advisors LLC’s holdings in Newell Brands were worth $5,308,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after purchasing an additional 4,617 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in Newell Brands in the 3rd quarter worth approximately $92,000. iSAM Funds UK Ltd purchased a new position in Newell Brands in the 3rd quarter worth approximately $94,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Newell Brands during the 4th quarter worth approximately $101,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on NWL shares. Royal Bank of Canada decreased their price objective on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, February 10th. Barclays upped their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Citigroup decreased their price objective on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, UBS Group upped their price objective on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.81.

Newell Brands Stock Performance

NASDAQ NWL opened at $6.45 on Friday. The company has a market cap of $2.68 billion, a P/E ratio of -12.40, a P/E/G ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The business’s 50 day moving average price is $8.00 and its 200-day moving average price is $8.53. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the prior year, the company posted $0.22 EPS. Sell-side analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.34%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

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.