Maryland State Retirement & Pension System Sells 7,421 Shares of Newell Brands Inc. (NASDAQ:NWL)

Maryland State Retirement & Pension System lowered its position in Newell Brands Inc. (NASDAQ:NWL) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,382 shares of the company’s stock after selling 7,421 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Newell Brands were worth $1,617,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NWL. GSA Capital Partners LLP bought a new stake in shares of Newell Brands in the 3rd quarter worth approximately $107,000. CIBC Asset Management Inc lifted its position in shares of Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after acquiring an additional 1,345 shares during the period. Natixis Advisors LLC lifted its position in shares of Newell Brands by 21.5% in the 3rd quarter. Natixis Advisors LLC now owns 413,722 shares of the company’s stock worth $3,177,000 after acquiring an additional 73,292 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Newell Brands by 3.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 327,405 shares of the company’s stock worth $2,514,000 after buying an additional 9,577 shares during the period. Finally, Moors & Cabot Inc. lifted its position in shares of Newell Brands by 85.6% during the 3rd quarter. Moors & Cabot Inc. now owns 49,370 shares of the company’s stock worth $379,000 after buying an additional 22,768 shares during the period. Institutional investors own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

NWL has been the subject of several analyst reports. Canaccord Genuity Group cut their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Barclays raised their target price on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Company cut their target price on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.81.

Newell Brands Stock Down 1.4 %

NASDAQ NWL opened at $6.45 on Friday. The stock has a fifty day moving average of $8.00 and a 200-day moving average of $8.53. The stock has a market capitalization of $2.68 billion, a P/E ratio of -12.40, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14.

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

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.34%. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

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.