Oak Thistle LLC Acquires 37,634 Shares of Newell Brands Inc. (NASDAQ:NWL)

Oak Thistle LLC raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 31.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 156,275 shares of the company’s stock after acquiring an additional 37,634 shares during the quarter. Oak Thistle LLC’s holdings in Newell Brands were worth $1,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NWL. Principal Financial Group Inc. lifted its position 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 valued at $15,050,000 after purchasing an additional 82,337 shares during the period. Citigroup Inc. lifted its holdings in shares of Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock valued at $9,476,000 after buying an additional 88,164 shares during the period. Versor Investments LP lifted its holdings in shares of Newell Brands by 135.6% during the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company’s stock valued at $758,000 after buying an additional 56,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after buying an additional 2,668,384 shares during the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of Newell Brands by 4.8% in the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock worth $113,073,000 after acquiring an additional 674,015 shares during the period. Institutional investors own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NWL shares. JPMorgan Chase & Co. dropped their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company increased their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $8.00 to $10.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus target price of $10.20.

Newell Brands Stock Performance

NASDAQ NWL opened at $9.87 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. The business has a 50-day moving average price of $9.86 and a 200-day moving average price of $8.25. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -16.45, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.84%. Newell Brands’s dividend payout ratio is currently -46.67%.

Insiders Place Their Bets

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Newell Brands Company 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.