GAMMA Investing LLC Acquires Shares of 7,338 Newell Brands Inc. (NASDAQ:NWL)

GAMMA Investing LLC bought a new position in Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, HoldingsChannel reports. The fund bought 7,338 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors have also made changes to their positions in NWL. Illinois Municipal Retirement Fund acquired a new stake in Newell Brands during the fourth quarter worth about $1,825,000. Signaturefd LLC raised its position in shares of Newell Brands by 36.0% during the 4th quarter. Signaturefd LLC now owns 16,656 shares of the company’s stock worth $145,000 after purchasing an additional 4,413 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Newell Brands by 45.5% in the 4th quarter. Federated Hermes Inc. now owns 90,511 shares of the company’s stock worth $786,000 after purchasing an additional 28,320 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Newell Brands by 14.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,080 shares of the company’s stock worth $773,000 after buying an additional 11,450 shares during the last quarter. Finally, Everence Capital Management Inc. increased its position in Newell Brands by 37.1% in the fourth quarter. Everence Capital Management Inc. now owns 50,860 shares of the company’s stock worth $441,000 after buying an additional 13,760 shares during the period. 92.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NWL. Canaccord Genuity Group increased their price objective on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company raised their target price on shares of Newell Brands from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $8.50 in a research report on Friday, February 16th. Barclays raised their price objective on shares of Newell Brands from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Morgan Stanley cut their target price on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.61.

Newell Brands Price Performance

NASDAQ NWL opened at $7.75 on Thursday. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $11.61. The business’s fifty day moving average is $7.50 and its two-hundred day moving average is $7.76. The stock has a market capitalization of $3.22 billion, a P/E ratio of -10.76, a P/E/G ratio of 1.59 and a beta of 0.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned ($0.06) earnings per share. Newell Brands’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, research analysts forecast that Newell Brands Inc. will post 0.56 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.61%. Newell Brands’s dividend payout ratio is currently -38.89%.

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.