Parametrica Management Ltd Purchases New Shares in Newell Brands Inc. (NASDAQ:NWL)

Parametrica Management Ltd acquired a new position in Newell Brands Inc. (NASDAQ:NWL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,779 shares of the company’s stock, valued at approximately $107,000.

Several other hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in Newell Brands during the fourth quarter worth approximately $46,000. Smartleaf Asset Management LLC increased its holdings in Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after acquiring an additional 4,617 shares in the last quarter. Versant Capital Management Inc increased its holdings in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after acquiring an additional 1,666 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in Newell Brands during the third quarter worth $92,000. Finally, iSAM Funds UK Ltd purchased a new position in Newell Brands during the third quarter valued at $94,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Price Performance

NWL opened at $6.58 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. The company has a fifty day simple moving average of $7.87 and a 200 day simple moving average of $8.53. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -12.65, a PEG ratio of 0.95 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) 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 period in the prior year, the company posted $0.22 EPS. Equities research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed 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 yield of 4.26%. Newell Brands’s payout ratio is -53.85%.

Analyst Ratings Changes

A number of research analysts have weighed in on NWL shares. JPMorgan Chase & Co. raised their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Barclays increased their price target on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. UBS Group increased their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada lowered their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, February 10th. 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, the company currently has an average 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.