Newell Brands Inc. (NASDAQ:NWL) Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its holdings in Newell Brands Inc. (NASDAQ:NWL) by 230.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,957 shares of the company’s stock after purchasing an additional 83,649 shares during the period. Ieq Capital LLC’s holdings in Newell Brands were worth $1,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Hennessy Advisors Inc. purchased a new stake in Newell Brands in the fourth quarter valued at approximately $72,431,000. Victory Capital Management Inc. grew its position in Newell Brands by 5,324.8% in the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock valued at $36,282,000 after acquiring an additional 4,637,180 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Newell Brands by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after acquiring an additional 2,634,114 shares in the last quarter. FMR LLC increased its stake in Newell Brands by 21.5% during the 3rd quarter. FMR LLC now owns 4,354,913 shares of the company’s stock worth $33,446,000 after buying an additional 770,717 shares during the period. Finally, Primecap Management Co. CA grew its stake in shares of Newell Brands by 4.8% in the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock worth $113,073,000 after acquiring an additional 674,015 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NWL has been the topic of several analyst reports. Citigroup reduced their price objective on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note on Monday, February 10th. UBS Group increased their price target on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Royal Bank of Canada cut their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group lowered their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.81.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $6.45 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The firm has a market capitalization of $2.68 billion, a P/E ratio of -12.40, a P/E/G ratio of 0.95 and a beta of 0.89. The company’s fifty day moving average price is $9.33 and its 200 day moving average price is $8.63.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 company posted $0.22 earnings per share. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands’s dividend payout ratio is currently -53.85%.

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.