Parametrica Management Ltd Buys New Position in Newell Brands Inc. (NASDAQ:NWL)

Parametrica Management Ltd purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,779 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hennessy Advisors Inc. bought a new stake in Newell Brands in the fourth quarter valued at $72,431,000. Victory Capital Management Inc. raised its holdings in Newell Brands by 43.7% during the fourth quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company’s stock worth $67,637,000 after buying an additional 2,066,599 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Newell Brands by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company’s stock valued at $467,053,000 after buying an additional 1,974,823 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Newell Brands by 36.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company’s stock valued at $40,102,000 after buying an additional 1,083,921 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Newell Brands during the fourth quarter worth about $9,877,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

NWL has been the topic of a number of research analyst reports. 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. Royal Bank of Canada reduced their price objective on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Citigroup decreased their price objective on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, Barclays lifted their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.81.

Newell Brands Price Performance

NASDAQ:NWL opened at $6.58 on Wednesday. The business’s 50-day simple moving average is $7.87 and its two-hundred day simple moving average is $8.53. The stock has a market cap of $2.74 billion, a PE ratio of -12.65, a P/E/G ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week 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 posted its earnings results on Friday, February 7th. The company reported $0.16 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 prior year, the company posted $0.22 earnings per share. As a group, analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 4.26%. Newell Brands’s dividend payout ratio is currently -53.85%.

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.