Natixis Advisors LLC Buys 73,292 Shares of Newell Brands Inc. (NASDAQ:NWL)

Natixis Advisors LLC increased its stake in Newell Brands Inc. (NASDAQ:NWL) by 21.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,722 shares of the company’s stock after purchasing an additional 73,292 shares during the quarter. Natixis Advisors LLC owned 0.10% of Newell Brands worth $3,177,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC bought a new stake in Newell Brands during the first quarter valued at about $151,000. CANADA LIFE ASSURANCE Co raised its stake in Newell Brands by 5.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 440,814 shares of the company’s stock worth $3,537,000 after acquiring an additional 22,672 shares during the period. Quadrature Capital Ltd purchased a new position in Newell Brands during the first quarter valued at approximately $375,000. Price T Rowe Associates Inc. MD boosted its position in shares of Newell Brands by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 209,029 shares of the company’s stock worth $1,679,000 after purchasing an additional 11,868 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Newell Brands by 192.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 32,813 shares of the company’s stock worth $263,000 after purchasing an additional 21,580 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

Insider Activity at Newell Brands

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NWL. Royal Bank of Canada upped their target price on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Wells Fargo & Company upped their price target on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Barclays upgraded shares of Newell Brands from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $8.00 to $10.00 in a research report on Wednesday. Finally, Canaccord Genuity Group upped their target price on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Newell Brands presently has an average rating of “Hold” and an average price target of $9.10.

Newell Brands Price Performance

NWL stock opened at $9.12 on Friday. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $9.68. The firm has a market capitalization of $3.79 billion, a P/E ratio of -15.20, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89. The company has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $7.54. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts anticipate that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio is currently -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.