Savant Capital LLC Acquires 2,815 Shares of Newell Brands Inc. (NASDAQ:NWL)

Savant Capital LLC lifted its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,422 shares of the company’s stock after purchasing an additional 2,815 shares during the period. Savant Capital LLC’s holdings in Newell Brands were worth $143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Authentikos Wealth Advisory LLC acquired a new position in Newell Brands during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC acquired a new position in Newell Brands during the 4th quarter worth approximately $61,000. Dynamic Advisor Solutions LLC acquired a new position in Newell Brands during the 4th quarter worth approximately $88,000. RFP Financial Group LLC raised its stake in Newell Brands by 81.1% during the 3rd quarter. RFP Financial Group LLC now owns 10,050 shares of the company’s stock worth $91,000 after buying an additional 4,500 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new position in Newell Brands during the 4th quarter worth approximately $94,000. Institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of research reports. JPMorgan Chase & Co. upped 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. Royal Bank of Canada lowered their price objective on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research note on Monday, February 12th. Canaccord Genuity Group increased their price objective on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Citigroup increased their price objective on Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $8.50 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.61.

Newell Brands Stock Performance

NASDAQ NWL opened at $7.96 on Wednesday. Newell Brands Inc. has a 12-month low of $6.49 and a 12-month high of $11.61. The firm has a market cap of $3.30 billion, a P/E ratio of -11.06, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average is $7.52 and its 200-day moving average is $7.78.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business earned ($0.06) earnings per share. Newell Brands’s revenue was down 5.8% compared to the same quarter last year. Sell-side analysts predict that Newell Brands Inc. will post 0.6 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 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 3.52%. Newell Brands’s payout ratio is presently -38.89%.

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.