King Luther Capital Management Corp Increases Holdings in Newell Brands Inc. (NASDAQ:NWL)

King Luther Capital Management Corp grew its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,291,213 shares of the company’s stock after buying an additional 111,614 shares during the period. King Luther Capital Management Corp’s holdings in Newell Brands were worth $42,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. PFG Investments LLC boosted its holdings in Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after purchasing an additional 981 shares in the last quarter. TriaGen Wealth Management LLC boosted its holdings in Newell Brands by 1.7% in the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock valued at $583,000 after purchasing an additional 991 shares in the last quarter. Arizona State Retirement System boosted its holdings in Newell Brands by 0.9% in the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,125 shares in the last quarter. Optas LLC boosted its holdings in Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after purchasing an additional 1,306 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock valued at $304,000 after purchasing an additional 1,345 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NWL has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. UBS Group boosted their price target on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Royal Bank of Canada decreased their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Barclays boosted their price target on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company decreased their price target on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and a consensus price target of $10.81.

Newell Brands Trading Down 0.3 %

Shares of NWL opened at $6.73 on Tuesday. The stock has a fifty day moving average of $8.61 and a two-hundred day moving average of $8.59. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The company has a market capitalization of $2.80 billion, a PE ratio of -12.94, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.16%. Newell Brands’s payout ratio is -53.85%.

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.