10,171 Shares in Newell Brands Inc. (NASDAQ:NWL) Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the fourth quarter, Holdings Channel reports. The fund bought 10,171 shares of the company’s stock, valued at approximately $101,000.

A number of other large investors have also recently added to or reduced their stakes in the business. PFG Investments LLC boosted its holdings in Newell Brands by 6.6% during the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock worth $157,000 after buying an additional 981 shares in the last quarter. TriaGen Wealth Management LLC boosted its stake in Newell Brands by 1.7% in the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock worth $583,000 after purchasing an additional 991 shares during the period. Optas LLC boosted its stake in Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock worth $123,000 after purchasing an additional 1,306 shares during the period. CIBC Asset Management Inc boosted its stake in Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after purchasing an additional 1,345 shares during the period. Finally, Accurate Wealth Management LLC boosted its stake in Newell Brands by 14.8% in the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock worth $116,000 after purchasing an additional 1,531 shares during the period. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Up 0.9 %

Newell Brands stock opened at $6.93 on Thursday. The company has a market capitalization of $2.88 billion, a P/E ratio of -13.33, a P/E/G ratio of 0.99 and a beta of 0.89. The firm’s fifty day simple moving average is $9.59 and its 200-day simple moving average is $8.64. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78.

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

Newell Brands Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.04%. Newell Brands’s dividend payout ratio is currently -53.85%.

Analysts Set New Price Targets

A number of research firms recently commented on NWL. Royal Bank of Canada decreased their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, February 10th. Barclays raised their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Citigroup decreased their price objective on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a research note on Monday, February 10th. Canaccord Genuity Group decreased their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus target price of $10.81.

Insiders Place Their Bets

In related news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.61% 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.