Natixis Advisors LLC Increases Holdings in Newell Brands Inc. (NASDAQ:NWL)

Natixis Advisors LLC boosted its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 21.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 413,722 shares of the company’s stock after purchasing an additional 73,292 shares during the quarter. Natixis Advisors LLC’s holdings in Newell Brands were worth $3,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NWL. O Shaughnessy Asset Management LLC purchased a new position in shares of Newell Brands during the first quarter valued at $151,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Newell Brands by 5.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 440,814 shares of the company’s stock valued at $3,537,000 after purchasing an additional 22,672 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Newell Brands in the 1st quarter worth approximately $375,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Newell Brands by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 209,029 shares of the company’s stock valued at $1,679,000 after purchasing an additional 11,868 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Newell Brands by 192.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 32,813 shares of the company’s stock valued at $263,000 after buying an additional 21,580 shares during the period. 92.50% of the stock is owned by institutional investors.

Insider Activity

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

Newell Brands Price Performance

NASDAQ:NWL opened at $9.12 on Friday. The firm’s fifty day moving average is $8.10 and its two-hundred day moving average is $7.54. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of -15.20, a PEG ratio of 0.83 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands Inc. has a one year low of $5.39 and a one year high of $9.68.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. Research analysts expect that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands’s payout ratio is currently -46.67%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NWL shares. Truist Financial boosted their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upped their price target on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $8.00 to $10.00 in a research note on Wednesday. Citigroup cut shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.10.

Newell Brands Company 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.