18,140 Shares in Newell Brands Inc. (NASDAQ:NWL) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 2nd quarter, Holdings Channel reports. The firm purchased 18,140 shares of the company’s stock, valued at approximately $116,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NWL. Dimensional Fund Advisors LP boosted its holdings in Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after acquiring an additional 2,668,384 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Newell Brands by 17.7% in the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock worth $90,054,000 after purchasing an additional 2,109,892 shares during the period. AQR Capital Management LLC lifted its stake in shares of Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock valued at $16,042,000 after purchasing an additional 1,314,514 shares in the last quarter. M&G Plc purchased a new stake in shares of Newell Brands during the 1st quarter worth about $9,992,000. Finally, Vanguard Group Inc. grew its holdings in shares of Newell Brands by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock worth $389,670,000 after purchasing an additional 739,295 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Down 1.9 %

Shares of NASDAQ NWL opened at $7.72 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.24. The stock’s 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.31. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -10.72, a PEG ratio of 1.29 and a beta of 0.91.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.36 earnings per share 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 firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm earned $0.24 EPS. Newell Brands’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Newell Brands Inc. will post 0.65 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.63%. Newell Brands’s dividend payout ratio is presently -38.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NWL shares. Royal Bank of Canada lifted their price target on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Wells Fargo & Company raised their target price on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, Truist Financial boosted their price objective on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.91.

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.