Harvest Fund Management Co. Ltd Makes New Investment in Newell Brands Inc. (NASDAQ:NWL)

Harvest Fund Management Co. Ltd bought a new position in Newell Brands Inc. (NASDAQ:NWL) during the 4th quarter, Holdings Channel.com reports. The fund bought 4,598 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors also recently bought and sold shares of the company. PFG Investments LLC lifted its stake in Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock worth $157,000 after purchasing an additional 981 shares in the last quarter. TriaGen Wealth Management LLC lifted its position in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock worth $583,000 after buying an additional 991 shares in the last quarter. Arizona State Retirement System boosted its stake in Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after buying an additional 1,125 shares during the last quarter. Optas LLC grew its holdings in Newell Brands by 11.8% during the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after buying an additional 1,306 shares in the last quarter. Finally, Accurate Wealth Management LLC increased 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 acquiring an additional 1,531 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Trading Down 1.4 %

Shares of NASDAQ NWL opened at $6.45 on Monday. The business’s 50 day moving average price is $8.00 and its 200-day moving average price is $8.54. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. 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 cap of $2.68 billion, a price-to-earnings ratio of -12.40, a PEG ratio of 0.95 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.22 EPS. On average, sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

Analyst Upgrades and Downgrades

NWL has been the subject of a number of recent research reports. Barclays raised their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. UBS Group boosted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $10.00 to $17.00 in a report on Monday, December 9th. Wells Fargo & Company reduced their price objective 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. Finally, Royal Bank of Canada lowered their price objective on 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.81.

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.