Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in Newell Brands Inc. (NASDAQ:NWL) by 89.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660,790 shares of the company’s stock after purchasing an additional 311,425 shares during the quarter. Quantinno Capital Management LP owned approximately 0.16% of Newell Brands worth $6,581,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Newell Brands by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company’s stock valued at $467,053,000 after purchasing an additional 1,974,823 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Newell Brands by 21.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company’s stock valued at $180,172,000 after purchasing an additional 3,188,718 shares during the last quarter. FMR LLC lifted its stake in shares of Newell Brands by 233.6% during the fourth quarter. FMR LLC now owns 14,527,609 shares of the company’s stock valued at $144,695,000 after buying an additional 10,172,696 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of Newell Brands by 12.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company’s stock valued at $127,091,000 after buying an additional 1,363,913 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in shares of Newell Brands during the fourth quarter valued at approximately $72,431,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Performance

NASDAQ:NWL opened at $5.90 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The company has a market cap of $2.46 billion, a P/E ratio of -11.35, a P/E/G ratio of 0.95 and a beta of 0.92. Newell Brands Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm’s 50 day moving average is $5.53 and its two-hundred day moving average is $7.87.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands’s dividend payout ratio is presently -47.46%.

Analyst Upgrades and Downgrades

NWL has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. UBS Group reduced their price objective on shares of Newell Brands from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Canaccord Genuity Group reduced their price objective on shares of Newell Brands from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.42.

About Newell Brands

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.