Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC cut its position in Newell Brands Inc. (NASDAQ:NWL) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 488,814 shares of the company’s stock after selling 84,780 shares during the period. Villere ST Denis J & Co. LLC owned 0.12% of Newell Brands worth $4,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NWL. Principal Financial Group Inc. boosted its stake in Newell Brands by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock worth $15,050,000 after buying an additional 82,337 shares during the last quarter. Citigroup Inc. boosted its stake in Newell Brands by 7.7% during the third quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock worth $9,476,000 after buying an additional 88,164 shares during the last quarter. Versor Investments LP boosted its stake in Newell Brands by 135.6% during the third quarter. Versor Investments LP now owns 98,700 shares of the company’s stock worth $758,000 after buying an additional 56,800 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Newell Brands in the 4th quarter valued at $762,000. Finally, Wedmont Private Capital acquired a new position in shares of Newell Brands in the 4th quarter valued at $565,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NWL has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. UBS Group upped their price target on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Royal Bank of Canada decreased their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Finally, Barclays upped their price target on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.81.

Insiders Place Their Bets

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.58% of the stock is owned by company insiders.

Newell Brands Stock Performance

NWL stock opened at $7.05 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.78. The business’s fifty day moving average price is $9.93 and its 200 day moving average price is $8.69.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. During the same quarter in the prior year, the business posted $0.22 EPS. On average, equities research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 3.97%. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

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.