Connor Clark & Lunn Investment Management Ltd. Purchases 29,776 Shares of Newell Brands Inc. (NASDAQ:NWL)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Newell Brands Inc. (NASDAQ:NWL) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 517,578 shares of the company’s stock after buying an additional 29,776 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Newell Brands worth $5,155,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after purchasing an additional 4,617 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Newell Brands by 24.8% during the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after purchasing an additional 1,666 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Newell Brands during the fourth quarter valued at approximately $101,000. Claro Advisors LLC purchased a new position in shares of Newell Brands during the third quarter valued at approximately $79,000. Finally, Jones Financial Companies Lllp increased its holdings in Newell Brands by 35.3% during the fourth quarter. Jones Financial Companies Lllp now owns 11,311 shares of the company’s stock valued at $113,000 after buying an additional 2,954 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Performance

Shares of NASDAQ NWL opened at $6.55 on Monday. The firm has a fifty day moving average price of $8.34 and a 200-day moving average price of $8.57. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The stock has a market cap of $2.73 billion, a PE ratio of -12.60, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter last year, the business earned $0.22 earnings per share. Equities analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.27%. Newell Brands’s dividend payout ratio is -53.85%.

Analyst Ratings Changes

A number of brokerages have commented on NWL. Barclays upped their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company reduced their target price on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Canaccord Genuity Group reduced their target price on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.81.

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.