Thompson Investment Management Inc. Cuts Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Thompson Investment Management Inc. decreased its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 52.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,901 shares of the company’s stock after selling 8,857 shares during the period. Thompson Investment Management Inc.’s holdings in Newell Brands were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Newell Brands in the 4th quarter valued at $32,781,000. Primecap Management Co. CA lifted its holdings in Newell Brands by 35.1% in the 4th quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company’s stock valued at $73,884,000 after purchasing an additional 2,209,672 shares in the last quarter. M&G Plc acquired a new stake in Newell Brands in the 1st quarter valued at about $9,992,000. Vanguard Group Inc. boosted its stake in Newell Brands by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock worth $389,670,000 after buying an additional 739,295 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Newell Brands by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,747,330 shares of the company’s stock worth $119,327,000 after purchasing an additional 660,347 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Canaccord Genuity Group lifted their price objective on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Wells Fargo & Company increased their target price on Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Truist Financial raised their target price on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.82.

Newell Brands Trading Down 5.4 %

Shares of NWL traded down $0.43 during mid-day trading on Tuesday, reaching $7.59. The company had a trading volume of 5,841,262 shares, compared to its average volume of 5,014,500. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -10.54, a price-to-earnings-growth ratio of 1.47 and a beta of 0.88. The firm has a fifty day simple moving average of $6.96 and a 200-day simple moving average of $7.47. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.06. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Newell Brands Inc. will post 0.64 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, May 31st. Newell Brands’s dividend payout ratio is presently -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.