AGF Management Ltd. Has $2.70 Million Stock Position in Newell Brands Inc. (NASDAQ:NWL)

AGF Management Ltd. lessened its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 37.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 271,046 shares of the company’s stock after selling 164,262 shares during the period. AGF Management Ltd.’s holdings in Newell Brands were worth $2,700,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NWL. Venturi Wealth Management LLC acquired a new position in shares of Newell Brands during the 3rd quarter worth approximately $70,000. Claro Advisors LLC bought a new position in shares of Newell Brands in the third quarter valued at $79,000. Smartleaf Asset Management LLC increased its holdings in Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after buying an additional 4,617 shares during the last quarter. Versant Capital Management Inc raised its position in Newell Brands by 24.8% during the fourth 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 in the last quarter. Finally, Glenmede Trust Co. NA acquired a new stake in Newell Brands in the third quarter valued at $92,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $6.51 on Friday. The firm has a market cap 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 business’s 50 day moving average is $8.41 and its 200-day moving average is $8.55. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78.

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, topping 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 quarter in the previous year, the business posted $0.22 EPS. Equities research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

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

Analysts Set New Price Targets

NWL has been the topic of several recent analyst reports. Wells Fargo & Company lowered 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 note on Monday, February 10th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Barclays lifted their target price on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Citigroup dropped their price target 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and an average 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.