New York State Common Retirement Fund Acquires 72,635 Shares of Newell Brands Inc. (NASDAQ:NWL)

New York State Common Retirement Fund raised its holdings in Newell Brands Inc. (NASDAQ:NWL) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,313,144 shares of the company’s stock after acquiring an additional 72,635 shares during the quarter. New York State Common Retirement Fund owned about 0.32% of Newell Brands worth $13,079,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NWL. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Newell Brands in the 4th quarter valued at about $101,000. Venturi Wealth Management LLC grew its holdings in Newell Brands by 30.5% during the fourth quarter. Venturi Wealth Management LLC now owns 11,940 shares of the company’s stock valued at $119,000 after purchasing an additional 2,794 shares during the period. CIBC Asset Management Inc increased its stake in Newell Brands by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 41,346 shares of the company’s stock valued at $412,000 after purchasing an additional 1,756 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Newell Brands by 61.6% in the fourth quarter. Sanctuary Advisors LLC now owns 28,124 shares of the company’s stock worth $294,000 after purchasing an additional 10,716 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Newell Brands by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,015,821 shares of the company’s stock worth $20,078,000 after purchasing an additional 56,180 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NWL. Citigroup decreased their price target on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Canaccord Genuity Group dropped their price target on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.81.

Insider Activity at Newell Brands

In related news, insider Tracy L. Platt sold 23,343 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by company insiders.

Newell Brands Stock Performance

NASDAQ:NWL opened at $6.80 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.14 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 market cap of $2.83 billion, a P/E ratio of -13.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The business has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $8.64.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 in the previous year, the business earned $0.22 earnings per share. As a group, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, February 28th. Newell Brands’s dividend payout ratio is currently -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.