Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in Newell Brands Inc. (NASDAQ:NWL) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 111,205 shares of the company’s stock after acquiring an additional 12,962 shares during the quarter. Edgestream Partners L.P.’s holdings in Newell Brands were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew 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 buying an additional 82,337 shares during the period. Empowered Funds LLC grew its position in shares of Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after acquiring an additional 88,483 shares during the period. Citigroup Inc. raised its holdings in Newell Brands by 7.7% in the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock worth $9,476,000 after purchasing an additional 88,164 shares during the period. Versor Investments LP raised its holdings in Newell Brands by 135.6% in the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company’s stock worth $758,000 after purchasing an additional 56,800 shares during the period. Finally, Friedenthal Financial acquired a new position in Newell Brands in the 4th quarter worth about $762,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NWL shares. Canaccord Genuity Group reduced their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company dropped their price target on shares of 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. Barclays upped their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Citigroup dropped their target price on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, UBS Group upped their price target on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Newell Brands presently has a consensus rating of “Hold” and an average price target of $10.81.

Newell Brands Stock Performance

NASDAQ:NWL opened at $6.54 on Wednesday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. The company has a market cap of $2.72 billion, a P/E ratio of -12.58, a P/E/G ratio of 0.95 and a beta of 0.88. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $8.54 and its 200-day moving average price is $8.58.

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 the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the previous year, the company posted $0.22 EPS. On average, sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.28%. Newell Brands’s payout ratio is -53.85%.

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.