43,581 Shares in Newell Brands Inc. (NASDAQ:NWL) Acquired by AssuredPartners Investment Advisors LLC

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

A number of other institutional investors and hedge funds have also modified their holdings of NWL. Charles Schwab Investment Management Inc. boosted its position in shares of Newell Brands by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock valued at $39,761,000 after buying an additional 178,028 shares during the last quarter. Amundi boosted its holdings in shares of Newell Brands by 194.4% during the 4th quarter. Amundi now owns 215,597 shares of the company’s stock valued at $2,121,000 after acquiring an additional 142,361 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Newell Brands during the 4th quarter valued at about $9,877,000. Empowered Funds LLC grew its stake in shares of Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock worth $999,000 after acquiring an additional 88,483 shares during the period. Finally, AXQ Capital LP purchased a new position in shares of Newell Brands during the fourth quarter valued at approximately $892,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Up 0.3 %

NASDAQ NWL opened at $6.51 on Friday. 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. The company has a market capitalization of $2.71 billion, a P/E ratio of -12.52, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. The stock’s 50-day moving average price is $7.73 and its 200-day moving average price is $8.50.

Newell Brands (NASDAQ:NWL) last released its 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 negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on NWL. JPMorgan Chase & Co. lifted their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Wells Fargo & Company cut their price objective 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. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and increased their target price for the company from $10.00 to $17.00 in a report on Monday, December 9th. Barclays raised their target price on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada reduced their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.81.

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.