Connor Clark & Lunn Investment Management Ltd. Acquires 29,776 Shares of Newell Brands Inc. (NASDAQ:NWL)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 517,578 shares of the company’s stock after buying an additional 29,776 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Newell Brands were worth $5,155,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. PFG Investments LLC lifted its position in Newell Brands by 6.6% during the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after purchasing an additional 981 shares during the last quarter. TriaGen Wealth Management LLC raised its stake in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock valued at $583,000 after acquiring an additional 991 shares during the period. Arizona State Retirement System raised its stake in shares of Newell Brands by 0.9% in the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after acquiring an additional 1,125 shares during the period. Optas LLC raised its stake in shares of Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after acquiring an additional 1,306 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Newell Brands by 3.5% in the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock valued at $304,000 after acquiring an additional 1,345 shares during the period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 0.6 %

NWL stock opened at $6.55 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The company has a market capitalization of $2.73 billion, a PE ratio of -12.60, a P/E/G ratio of 0.95 and a beta of 0.88. The firm’s 50-day moving average is $8.34 and its 200 day moving average is $8.57. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 7th. The company reported $0.16 EPS 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 quarter in the prior year, the business posted $0.22 EPS. On average, research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NWL. Canaccord Genuity Group reduced 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 note on Monday, February 10th. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. increased their target price on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Citigroup reduced their target price on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, Barclays raised their price target on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.