AssuredPartners Investment Advisors LLC Acquires Shares of 43,581 Newell Brands Inc. (NASDAQ:NWL)

AssuredPartners Investment Advisors LLC bought a new position in Newell Brands Inc. (NASDAQ:NWL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 43,581 shares of the company’s stock, valued at approximately $434,000.

Several other hedge funds also recently made changes to their positions in NWL. PFG Investments LLC boosted its position in Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after buying an additional 981 shares during the period. TriaGen Wealth Management LLC boosted its holdings in shares of Newell Brands by 1.7% during the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock worth $583,000 after purchasing an additional 991 shares during the period. Arizona State Retirement System boosted its holdings in shares of Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock worth $1,202,000 after purchasing an additional 1,125 shares during the period. Optas LLC grew its stake in shares of Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company’s stock worth $123,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its holdings in Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after purchasing an additional 1,531 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price objective on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Wells Fargo & Company cut their price target on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada decreased their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. Canaccord Genuity Group cut their target price on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Barclays increased their price target on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.81.

Newell Brands Trading Up 0.3 %

NASDAQ:NWL opened at $6.51 on Friday. The firm has a market capitalization of $2.71 billion, a P/E ratio of -12.52, a PEG ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78. The company’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $8.50.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping 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 period in the previous year, the company posted $0.22 EPS. As a group, analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.30%. Newell Brands’s payout ratio is presently -53.85%.

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.