Amalgamated Bank Has $1.12 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

Amalgamated Bank trimmed its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,344 shares of the company’s stock after selling 3,712 shares during the period. Amalgamated Bank’s holdings in Newell Brands were worth $1,124,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Rothschild Investment LLC bought a new stake in shares of Newell Brands during the 2nd quarter valued at $26,000. Quarry LP increased its holdings in Newell Brands by 106.2% in the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after purchasing an additional 2,437 shares during the last quarter. NBC Securities Inc. increased its holdings in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after purchasing an additional 1,780 shares during the last quarter. Quest Partners LLC bought a new position in Newell Brands during the fourth quarter worth about $45,000. Finally, Gradient Investments LLC bought a new position in Newell Brands during the second quarter worth about $46,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NWL. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company upped their price objective on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Truist Financial lifted their target price on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.82.

Newell Brands Price Performance

Shares of NWL opened at $7.47 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $9.24. The stock has a market capitalization of $3.11 billion, a P/E ratio of -10.38, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a 50 day moving average of $7.36 and a 200-day moving average of $7.33.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the business earned $0.24 earnings per share. Newell Brands’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.75%. Newell Brands’s payout ratio is -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.