Sequoia Financial Advisors LLC Purchases 4,327 Shares of Newell Brands Inc. (NASDAQ:NWL)

Sequoia Financial Advisors LLC lifted its position in Newell Brands Inc. (NASDAQ:NWL) by 35.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,369 shares of the company’s stock after purchasing an additional 4,327 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Newell Brands were worth $126,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in shares of Newell Brands by 15.3% in the first quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company’s stock worth $620,000 after purchasing an additional 10,240 shares during the last quarter. M&G Plc bought a new stake in shares of Newell Brands in the first quarter worth about $9,992,000. Texas Permanent School Fund Corp grew its position in Newell Brands by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 332,914 shares of the company’s stock worth $2,673,000 after acquiring an additional 4,291 shares in the last quarter. Empowered Funds LLC purchased a new position in Newell Brands in the first quarter worth about $80,000. Finally, Dimensional Fund Advisors LP grew its position 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 worth $75,753,000 after acquiring an additional 2,668,384 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Truist Financial lifted their price target on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Canaccord Genuity Group lifted their price target on Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. dropped their price target on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Royal Bank of Canada lifted their price target on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.90.

Newell Brands Stock Down 5.7 %

Shares of NASDAQ NWL opened at $8.99 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of -14.98, a PEG ratio of 1.52 and a beta of 0.91. The stock has a 50 day moving average price of $7.51 and a 200 day moving average price of $7.34. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.68.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Sell-side analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Friday, August 30th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

Newell Brands Company 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.