13,975 Shares in Newell Brands Inc. (NASDAQ:NWL) Bought by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. purchased a new stake in Newell Brands Inc. (NASDAQ:NWL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 13,975 shares of the company’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Newell Brands by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock valued at $15,050,000 after purchasing an additional 82,337 shares during the period. Citigroup Inc. raised its position in shares of Newell Brands by 7.7% in the third quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock worth $9,476,000 after acquiring an additional 88,164 shares during the period. Versor Investments LP boosted its stake in shares of Newell Brands by 135.6% during the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company’s stock worth $758,000 after acquiring an additional 56,800 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Newell Brands during the 4th quarter valued at about $762,000. Finally, Wedmont Private Capital purchased a new position in shares of Newell Brands in the 4th quarter valued at about $565,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Newell Brands

In other news, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Canaccord Genuity Group raised their price objective on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 6th. UBS Group lifted their price target on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Finally, Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.00 to $17.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.70.

Newell Brands Stock Performance

NWL opened at $10.12 on Tuesday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. The firm has a market capitalization of $4.21 billion, a PE ratio of -16.87, a PEG ratio of 0.86 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm’s 50-day moving average price is $9.92 and its 200 day moving average price is $8.33.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.39 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

About Newell Brands

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.