Pallas Capital Advisors LLC Grows Stake in Newell Brands Inc. (NASDAQ:NWL)

Pallas Capital Advisors LLC increased its holdings in Newell Brands Inc. (NASDAQ:NWL) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,865 shares of the company’s stock after buying an additional 1,625 shares during the period. Pallas Capital Advisors LLC’s holdings in Newell Brands were worth $287,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NWL. Quarry LP lifted its position in Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after purchasing an additional 4,056 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after acquiring an additional 1,666 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Newell Brands during the 3rd quarter worth $70,000. Claro Advisors LLC purchased a new position in Newell Brands in the third quarter worth $79,000. Finally, Atomi Financial Group Inc. bought a new position in Newell Brands in the third quarter valued at $79,000. Institutional investors own 92.50% of the company’s stock.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Barclays upgraded shares of 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 report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company boosted their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Newell Brands has an average rating of “Hold” and an average target price of $10.20.

Newell Brands Price Performance

Shares of Newell Brands stock opened at $9.98 on Thursday. The company’s fifty day simple moving average is $9.86 and its two-hundred day simple moving average is $8.25. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.78. The firm has a market cap of $4.15 billion, a PE ratio of -16.63, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

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, hitting the consensus estimate of $0.16. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is currently -46.67%.

Newell Brands 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.