Lighthouse Investment Partners LLC Buys New Holdings in Newell Brands Inc. (NASDAQ:NWL)

Lighthouse Investment Partners LLC bought a new stake in shares of Newell Brands Inc. (NASDAQ:NWLFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $1,736,000.

Several other institutional investors also recently bought and sold shares of NWL. Quest Partners LLC purchased a new stake in Newell Brands in the 4th quarter worth approximately $45,000. GAMMA Investing LLC purchased a new stake in Newell Brands in the 4th quarter worth approximately $61,000. Dynamic Advisor Solutions LLC purchased a new stake in Newell Brands in the 4th quarter worth approximately $88,000. Ontario Teachers Pension Plan Board purchased a new stake in Newell Brands in the 4th quarter worth approximately $91,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in Newell Brands in the 4th quarter worth approximately $94,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NWL has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. Barclays raised Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price for the company in a research report on Tuesday, May 14th. Raymond James lowered Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Royal Bank of Canada decreased their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Monday, February 12th. Finally, Citigroup increased their target price on Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.70.

Get Our Latest Report on Newell Brands

Newell Brands Stock Up 0.1 %

NWL stock opened at $7.38 on Tuesday. Newell Brands Inc. has a twelve month low of $6.49 and a twelve month high of $11.61. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. The firm has a market cap of $3.06 billion, a PE ratio of -10.25, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95. The business has a 50 day moving average of $7.63 and a 200 day moving average of $7.92.

Newell Brands (NASDAQ:NWLGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, research analysts forecast that Newell Brands Inc. will post 0.6 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, May 31st. Newell Brands’s payout ratio is -38.89%.

About Newell Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

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