24,748 Shares in Newell Brands Inc. (NASDAQ:NWL) Purchased by Syon Capital LLC

Syon Capital LLC bought a new stake in Newell Brands Inc. (NASDAQ:NWL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,748 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NWL. Charles Schwab Investment Management Inc. grew its holdings in Newell Brands by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock valued at $39,761,000 after purchasing an additional 178,028 shares during the period. Amundi increased its holdings in Newell Brands by 194.4% in the 4th quarter. Amundi now owns 215,597 shares of the company’s stock worth $2,121,000 after acquiring an additional 142,361 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Newell Brands in the 4th quarter valued at about $9,877,000. Empowered Funds LLC lifted its holdings in Newell Brands by 751.9% during the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after purchasing an additional 88,483 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new position in Newell Brands during the fourth quarter worth about $434,000. 92.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on NWL shares. Barclays boosted their price target on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Truist Financial cut their price target on Newell Brands from $17.00 to $8.00 and set a “buy” rating for the company in a report on Thursday. Canaccord Genuity Group decreased their price objective on Newell Brands from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada decreased their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $7.92.

Newell Brands Trading Down 2.1 %

Shares of NWL opened at $5.01 on Friday. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The company has a market capitalization of $2.09 billion, a P/E ratio of -9.63, a P/E/G ratio of 0.95 and a beta of 0.84. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The firm’s 50 day simple moving average is $5.90 and its 200 day simple moving average is $8.13.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the company posted $0.22 EPS. Sell-side analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.59%. Newell Brands’s dividend payout ratio is -53.85%.

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.