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

Moors & Cabot Inc. boosted its position in Newell Brands Inc. (NASDAQ:NWL) by 85.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,370 shares of the company’s stock after purchasing an additional 22,768 shares during the period. Moors & Cabot Inc.’s holdings in Newell Brands were worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NWL. Primecap Management Co. CA lifted its position in shares of Newell Brands by 17.7% during the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock valued at $90,054,000 after buying an additional 2,109,892 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after acquiring an additional 2,668,384 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in Newell Brands by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock valued at $65,558,000 after acquiring an additional 137,441 shares during the period. Victory Capital Management Inc. lifted its holdings in Newell Brands by 5,324.8% during the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock valued at $36,282,000 after purchasing an additional 4,637,180 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Newell Brands by 8.3% during the second quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company’s stock worth $18,077,000 after purchasing an additional 215,759 shares during the period. 92.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction 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 transaction, the insider now owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NWL. Wells Fargo & Company boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Truist Financial increased their price objective on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reduced their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.10.

Newell Brands Trading Up 2.0 %

Shares of Newell Brands stock opened at $9.12 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.68. The firm has a market cap of $3.79 billion, a PE ratio of -15.20, a PEG ratio of 0.83 and a beta of 0.89. The company has a 50 day simple moving average of $8.10 and a two-hundred day simple moving average of $7.54.

Newell Brands (NASDAQ:NWL) last posted 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 negative net margin of 3.22% and a positive return on equity of 10.22%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.39 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. Analysts expect that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

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

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.