Mather Group LLC. Sells 9,863 Shares of Newell Brands Inc. (NASDAQ:NWL)

Mather Group LLC. trimmed its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 48.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,656 shares of the company’s stock after selling 9,863 shares during the period. Mather Group LLC.’s holdings in Newell Brands were worth $92,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NWL. State of New Jersey Common Pension Fund D lifted its stake in Newell Brands by 39.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 329,711 shares of the company’s stock worth $2,862,000 after acquiring an additional 93,791 shares during the period. GAMMA Investing LLC purchased a new position in shares of Newell Brands during the fourth quarter valued at about $61,000. Illinois Municipal Retirement Fund purchased a new stake in Newell Brands in the fourth quarter worth about $1,825,000. Signaturefd LLC boosted its position in Newell Brands by 36.0% during the 4th quarter. Signaturefd LLC now owns 16,656 shares of the company’s stock valued at $145,000 after acquiring an additional 4,413 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Newell Brands by 45.5% during the 4th quarter. Federated Hermes Inc. now owns 90,511 shares of the company’s stock worth $786,000 after acquiring an additional 28,320 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Price Performance

Shares of NWL opened at $7.66 on Friday. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $11.61. The business’s fifty day simple moving average is $7.50 and its two-hundred day simple moving average is $7.76. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $1.64 billion. During the same period last year, the firm posted ($0.06) earnings per share. Newell Brands’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts expect that Newell Brands Inc. will post 0.6 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.66%. Newell Brands’s payout ratio is -38.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $8.50 in a research note on Friday, February 16th. Royal Bank of Canada dropped their target price on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a report on Monday, February 12th. Morgan Stanley decreased their target price on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Barclays boosted their price target on Newell Brands from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus price target of $8.61.

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.