Claro Advisors LLC Makes New $79,000 Investment in Newell Brands Inc. (NASDAQ:NWL)

Claro Advisors LLC acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,265 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in Newell Brands during the second quarter worth $26,000. Gradient Investments LLC bought a new position in shares of Newell Brands during the 2nd quarter worth about $46,000. Quarry LP grew its stake in shares of Newell Brands by 104.4% in the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares during the period. Innealta Capital LLC bought a new stake in Newell Brands in the 2nd quarter valued at about $58,000. Finally, Venturi Wealth Management LLC acquired a new position in Newell Brands during the 3rd quarter worth approximately $70,000. Institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NWL. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Royal Bank of Canada lifted their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.90.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $8.82 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $3.67 billion, a PE ratio of -14.70, a PEG ratio of 0.82 and a beta of 0.89. The stock’s 50 day moving average price is $8.02 and its 200-day moving average price is $7.52. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $9.68.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. On average, equities analysts anticipate that Newell Brands Inc. will post 0.65 EPS 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 $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio is -46.67%.

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.