Newell Brands Inc. (NASDAQ:NWL) Stock Holdings Boosted by Swiss National Bank

Swiss National Bank grew its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 818,142 shares of the company’s stock after purchasing an additional 7,800 shares during the quarter. Swiss National Bank’s holdings in Newell Brands were worth $8,149,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after acquiring an additional 4,617 shares during the period. Versant Capital Management Inc grew its stake in shares of 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 during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Newell Brands in the 4th quarter worth approximately $101,000. Jones Financial Companies Lllp lifted its stake in Newell Brands by 35.3% during the fourth quarter. Jones Financial Companies Lllp now owns 11,311 shares of the company’s stock valued at $113,000 after purchasing an additional 2,954 shares during the last quarter. Finally, Accurate Wealth Management LLC boosted its holdings in Newell Brands by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock worth $116,000 after buying an additional 1,531 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Down 1.4 %

NWL stock opened at $6.45 on Friday. The company has a 50 day moving average of $8.00 and a two-hundred day moving average of $8.53. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -12.40, a PEG ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.78. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the business earned $0.22 earnings per share. On average, equities analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.34%. Newell Brands’s dividend payout ratio is currently -53.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NWL shares. Barclays increased their price objective on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Company decreased their price target on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada cut 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. UBS Group raised their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and an average price target of $10.81.

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.