Sound Income Strategies LLC Boosts Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Sound Income Strategies LLC lifted its stake in shares of Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,414 shares of the company’s stock after purchasing an additional 31,930 shares during the period. Sound Income Strategies LLC owned 0.06% of Newell Brands worth $3,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hartford Investment Management Co. boosted its holdings in shares of Newell Brands by 11.7% during the 3rd quarter. Hartford Investment Management Co. now owns 66,716 shares of the company’s stock worth $927,000 after purchasing an additional 6,964 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Newell Brands by 9.4% during the 3rd quarter. NewSquare Capital LLC now owns 238,756 shares of the company’s stock worth $3,316,000 after purchasing an additional 20,507 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of Newell Brands by 3.9% during the 3rd quarter. United Capital Financial Advisers LLC now owns 735,276 shares of the company’s stock worth $10,213,000 after purchasing an additional 27,656 shares during the last quarter. Barclays PLC lifted its holdings in Newell Brands by 57.4% in the third quarter. Barclays PLC now owns 825,308 shares of the company’s stock valued at $11,464,000 after acquiring an additional 301,038 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Newell Brands by 9.6% in the third quarter. Fifth Third Bancorp now owns 274,016 shares of the company’s stock valued at $3,806,000 after acquiring an additional 23,978 shares during the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on NWL shares. Citigroup started coverage on Newell Brands in a report on Thursday, February 16th. They issued a “neutral” rating and a $15.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Newell Brands from $15.00 to $17.00 in a report on Monday, January 30th. Morgan Stanley decreased their price objective on Newell Brands from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, February 13th. Barclays decreased their price target on Newell Brands from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 14th. Finally, Royal Bank of Canada decreased their price target on Newell Brands from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Monday, February 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.55.

Newell Brands Stock Down 3.1 %

Shares of Newell Brands stock traded down $0.37 during trading hours on Friday, reaching $11.39. 11,540,672 shares of the company were exchanged, compared to its average volume of 4,812,417. Newell Brands Inc. has a 1 year low of $11.34 and a 1 year high of $24.70. The stock’s fifty day moving average is $14.61 and its 200 day moving average is $14.17. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 1.32. The firm has a market cap of $4.71 billion, a PE ratio of 22.33 and a beta of 0.94.

Newell Brands (NASDAQ:NWL – Get Rating) last posted its quarterly earnings data on Friday, February 10th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Newell Brands had a return on equity of 17.76% and a net margin of 2.33%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The company’s revenue was down 18.5% on a year-over-year basis. As a group, equities research analysts forecast that Newell Brands Inc. will post 1.04 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.08%. The ex-dividend date of this dividend was Monday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently 180.40%.

Insider Activity at Newell Brands

In related news, Director Brett Icahn sold 107,372 shares of the stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $15.37, for a total value of $1,650,307.64. Following the transaction, the director now owns 845,631 shares of the company’s stock, valued at $12,997,348.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Newell Brands news, CFO Mark J. Erceg bought 28,282 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were purchased at an average price of $13.00 per share, with a total value of $367,666.00. Following the completion of the acquisition, the chief financial officer now directly owns 94,982 shares of the company’s stock, valued at approximately $1,234,766. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brett Icahn sold 107,372 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $15.37, for a total value of $1,650,307.64. Following the completion of the transaction, the director now directly owns 845,631 shares in the company, valued at approximately $12,997,348.47. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.

Newell Brands Company Profile

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Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment includes commercial cleaning and maintenance solutions, closet and garage organization, hygiene systems and material handling solutions, connected home and security, and smoke and carbon monoxide alarms.