Newell Brands Inc. (NASDAQ:NWL) Stock Holdings Increased by Versor Investments LP

Versor Investments LP grew its position in Newell Brands Inc. (NASDAQ:NWL) by 135.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,700 shares of the company’s stock after buying an additional 56,800 shares during the quarter. Versor Investments LP’s holdings in Newell Brands were worth $758,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Newell Brands during the first quarter valued at approximately $301,000. Janney Montgomery Scott LLC lifted its stake in shares of Newell Brands by 15.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company’s stock valued at $620,000 after purchasing an additional 10,240 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in Newell Brands by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 332,914 shares of the company’s stock worth $2,673,000 after purchasing an additional 4,291 shares in the last quarter. Quantbot Technologies LP increased its position in Newell Brands by 20.9% during the first quarter. Quantbot Technologies LP now owns 81,857 shares of the company’s stock worth $657,000 after buying an additional 14,128 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Newell Brands in the first quarter worth about $80,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Down 1.5 %

NWL stock opened at $9.18 on Wednesday. The stock has a fifty day moving average of $7.82 and a 200-day moving average of $7.47. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $9.68. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -15.30, a PEG ratio of 0.85 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.05%. Newell Brands’s payout ratio is currently -46.67%.

Analysts Set New Price Targets

NWL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Truist Financial lifted their price objective on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Citigroup cut shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.90.

Insiders Place Their Bets

In other news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now directly owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.58% of the company’s stock.

Newell Brands 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.