Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Bank of New Hampshire

Bank of New Hampshire cut its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 23.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,485 shares of the company’s stock after selling 1,697 shares during the period. Bank of New Hampshire’s holdings in Newell Brands were worth $48,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC raised its position in shares of Newell Brands by 20.9% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 55,998 shares of the company’s stock valued at $506,000 after purchasing an additional 9,662 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Newell Brands by 1,213.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 470,989 shares of the company’s stock valued at $4,253,000 after purchasing an additional 435,133 shares in the last quarter. FMR LLC raised its position in shares of Newell Brands by 481.6% in the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company’s stock valued at $48,819,000 after purchasing an additional 4,476,644 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Newell Brands by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,059,578 shares of the company’s stock valued at $36,658,000 after acquiring an additional 679,318 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Newell Brands by 88,271.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,604 shares of the company’s stock valued at $1,411,000 after acquiring an additional 162,420 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWL has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. Barclays upped their price objective on Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. 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. Citigroup reduced their price target on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. boosted their price target on Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Newell Brands has a consensus rating of “Hold” and a consensus target price of $9.13.

Newell Brands Trading Down 1.4 %

Shares of Newell Brands stock traded down $0.10 during trading on Thursday, hitting $6.94. The stock had a trading volume of 7,814,304 shares, compared to its average volume of 5,040,749. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. The business has a fifty day moving average of $7.51 and a two-hundred day moving average of $7.73. Newell Brands Inc. has a fifty-two week low of $6.49 and a fifty-two week high of $12.31.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, February 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.17 by $0.05. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $0.16 earnings per share. Newell Brands’s revenue was down 8.1% compared to the same quarter last year. As a group, analysts anticipate that Newell Brands Inc. will post 0.56 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.07 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.03%. Newell Brands’s dividend payout ratio (DPR) is -29.47%.

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.