Moors & Cabot Inc. Grows Position in Newell Brands Inc. (NASDAQ:NWL)

Moors & Cabot Inc. lifted its position in Newell Brands Inc. (NASDAQ:NWL) by 85.6% during the 3rd quarter, Holdings Channel reports. The firm owned 49,370 shares of the company’s stock after acquiring an additional 22,768 shares during the period. Moors & Cabot Inc.’s holdings in Newell Brands were worth $379,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NWL. Principal Financial Group Inc. raised its position in Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock valued at $15,050,000 after purchasing an additional 82,337 shares during the last quarter. Versor Investments LP increased its stake in shares of Newell Brands by 135.6% during the third quarter. Versor Investments LP now owns 98,700 shares of the company’s stock valued at $758,000 after buying an additional 56,800 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after buying an additional 2,668,384 shares during the period. ClariVest Asset Management LLC bought a new position in shares of Newell Brands during the second quarter valued at approximately $596,000. Finally, Elevated Capital Advisors LLC purchased a new stake in Newell Brands in the second quarter worth $468,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Trading Up 2.0 %

NASDAQ NWL opened at $9.12 on Friday. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $9.68. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The stock’s fifty day moving average price is $8.10 and its 200-day moving average price is $7.54. The stock has a market cap of $3.79 billion, a P/E ratio of -15.20, a P/E/G ratio of 0.83 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. Newell Brands’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, equities analysts forecast that Newell Brands Inc. will post 0.66 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands’s payout ratio is -46.67%.

Wall Street Analyst Weigh In

NWL has been the topic of a number of research analyst reports. Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $8.00 to $10.00 in a research report on Wednesday. Citigroup cut shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada upped their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company raised their target price on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.10.

Insider Transactions at Newell Brands

In other Newell Brands 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 value of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

About Newell Brands

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.