Lisanti Capital Growth LLC Invests $2.22 Million in Newell Brands Inc. (NASDAQ:NWL)

Lisanti Capital Growth LLC bought a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 222,665 shares of the company’s stock, valued at approximately $2,218,000. Lisanti Capital Growth LLC owned approximately 0.05% of Newell Brands as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in shares of Newell Brands in the 4th quarter worth about $72,431,000. Victory Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 4,637,180 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of 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 worth $127,629,000 after buying an additional 2,634,114 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Newell Brands by 36.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company’s stock worth $40,102,000 after buying an additional 1,083,921 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Newell Brands in the 4th quarter worth approximately $9,877,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $6.69 on Friday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -12.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two 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 firm’s 50 day moving average price is $8.75 and its 200 day moving average price is $8.58.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating 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 period last year, the business posted $0.22 EPS. As a group, equities research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NWL. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their price objective 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 shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Canaccord Genuity Group dropped their target price on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, UBS Group boosted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Six 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, Newell Brands has a consensus rating of “Hold” and an average price target of $10.81.

About Newell Brands

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.