Arrowstreet Capital Limited Partnership Raises Position in Newell Brands Inc. (NASDAQ:NWL)

Arrowstreet Capital Limited Partnership raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 214.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,349,136 shares of the company’s stock after buying an additional 2,282,949 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.81% of Newell Brands worth $33,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in Newell Brands during the 4th quarter valued at about $46,000. Smartleaf Asset Management LLC boosted its stake in shares of Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Versant Capital Management Inc grew its holdings in shares of Newell Brands by 24.8% in the fourth 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 purchased a new position in shares of Newell Brands in the fourth quarter worth $101,000. Finally, Parametrica Management Ltd bought a new stake in Newell Brands during the 4th quarter valued at $107,000. 92.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NWL. UBS Group raised their price target 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. Canaccord Genuity Group cut their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada lowered their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on Newell Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Barclays boosted their target price on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.58.

Newell Brands Stock Up 1.5 %

Shares of NASDAQ:NWL opened at $6.27 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The firm has a market capitalization of $2.61 billion, a P/E ratio of -12.06, a P/E/G ratio of 0.95 and a beta of 0.88. The stock has a 50 day moving average price of $7.42 and a 200-day moving average price of $8.48.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (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 prior year, the business earned $0.22 earnings per share. As a group, equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s payout ratio is currently -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.