Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its position in Newell Brands Inc. (NASDAQ:NWL) by 126.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,896 shares of the company’s stock after buying an additional 21,699 shares during the period. Fox Run Management L.L.C.’s holdings in Newell Brands were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Newell Brands in the 4th quarter valued at $46,000. Smartleaf Asset Management LLC boosted its holdings in Newell Brands by 140.1% in 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 grew its position in Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares during the period. Glenmede Trust Co. NA acquired a new position in shares of Newell Brands in the 3rd quarter valued at about $92,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Newell Brands in the third quarter worth about $94,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Royal Bank of Canada lowered their price target on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company cut their price objective 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 increased their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Barclays lifted their price target on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.81.

Newell Brands Price Performance

NASDAQ:NWL opened at $6.49 on Thursday. The stock has a 50 day moving average of $7.80 and a two-hundred day moving average of $8.52. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The firm has a market cap of $2.70 billion, a P/E ratio of -12.48, a price-to-earnings-growth 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.

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

Newell Brands Announces Dividend

The firm also recently declared 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 of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 4.31%. Newell Brands’s payout ratio is presently -53.85%.

About Newell Brands

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.