Swiss National Bank Raises Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Swiss National Bank boosted its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 818,142 shares of the company’s stock after purchasing an additional 7,800 shares during the quarter. Swiss National Bank owned approximately 0.20% of Newell Brands worth $8,149,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Newell Brands by 6.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 517,578 shares of the company’s stock worth $5,155,000 after buying an additional 29,776 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Newell Brands by 10.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,149 shares of the company’s stock worth $181,000 after purchasing an additional 1,780 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Newell Brands by 31.1% in the 4th quarter. HighTower Advisors LLC now owns 56,998 shares of the company’s stock worth $568,000 after purchasing an additional 13,510 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of Newell Brands during the fourth quarter worth about $4,187,000. Finally, King Luther Capital Management Corp grew its stake in Newell Brands by 2.7% in the fourth quarter. King Luther Capital Management Corp now owns 4,291,213 shares of the company’s stock worth $42,740,000 after purchasing an additional 111,614 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on NWL. Citigroup cut 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. 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 report on Thursday, January 16th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. 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 on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.81.

Newell Brands Price Performance

NASDAQ NWL opened at $6.45 on Friday. The company has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $8.53. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -12.40, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. 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 (NASDAQ:NWL) last posted its earnings results on Friday, February 7th. The company reported $0.16 EPS 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 previous year, the company posted $0.22 EPS. Analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.34%. The ex-dividend date was Friday, February 28th. Newell Brands’s payout ratio is currently -53.85%.

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.