Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 35.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,300 shares of the company’s stock after purchasing an additional 26,600 shares during the period. Handelsbanken Fonder AB’s holdings in Newell Brands were worth $778,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Centaurus Financial Inc. boosted its stake in Newell Brands by 5.9% during the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after purchasing an additional 1,762 shares during the period. NBC Securities Inc. raised its position in Newell Brands by 50.5% during the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after buying an additional 1,780 shares during the last quarter. Arizona State Retirement System raised its position in Newell Brands by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock worth $745,000 after buying an additional 2,394 shares during the last quarter. Tidal Investments LLC raised its position in Newell Brands by 3.0% during the 1st quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock worth $671,000 after buying an additional 2,407 shares during the last quarter. Finally, Quarry LP raised its position in Newell Brands by 106.2% during the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock worth $41,000 after buying an additional 2,437 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial upped their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Newell Brands currently has an average rating of “Hold” and a consensus target price of $8.91.

Newell Brands Stock Performance

NASDAQ:NWL opened at $7.60 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $7.31. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $9.24. The company has a market capitalization of $3.16 billion, a P/E ratio of -11.69, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91.

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

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.68%. Newell Brands’s dividend payout ratio is currently -43.08%.

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.