Russell Investments Group Ltd. Has $22.77 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

Russell Investments Group Ltd. lowered its holdings in Newell Brands Inc. (NASDAQ:NWL) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,623,345 shares of the company’s stock after selling 87,578 shares during the quarter. Russell Investments Group Ltd. owned about 0.63% of Newell Brands worth $22,771,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Handelsbanken Fonder AB raised its holdings in shares of Newell Brands by 37.1% in the third quarter. Handelsbanken Fonder AB now owns 74,700 shares of the company’s stock valued at $675,000 after purchasing an additional 20,200 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Newell Brands by 478.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 169,682 shares of the company’s stock valued at $1,532,000 after purchasing an additional 140,358 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Newell Brands by 8.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 467,694 shares of the company’s stock worth $4,223,000 after purchasing an additional 36,364 shares during the period. Bank of New York Mellon Corp increased its holdings in Newell Brands by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 2,875,563 shares of the company’s stock worth $25,966,000 after buying an additional 586,018 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Newell Brands by 21.1% during the third quarter. New York State Teachers Retirement System now owns 434,030 shares of the company’s stock worth $3,919,000 after buying an additional 75,672 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Canaccord Genuity Group upped their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada lowered their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Monday, February 12th. Morgan Stanley dropped their price target on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Finally, Raymond James lowered Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.61.

Newell Brands Trading Down 2.4 %

Shares of Newell Brands stock opened at $7.75 on Thursday. The business has a 50 day moving average of $7.50 and a 200 day moving average of $7.76. Newell Brands Inc. has a 52 week low of $6.49 and a 52 week high of $11.61. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. On average, equities research analysts predict that Newell Brands Inc. will post 0.6 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 3.61%. Newell Brands’s payout ratio is -38.89%.

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.