Oak Thistle LLC Acquires 37,634 Shares of Newell Brands Inc. (NASDAQ:NWL)

Oak Thistle LLC boosted its holdings in Newell Brands Inc. (NASDAQ:NWLFree Report) by 31.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,275 shares of the company’s stock after acquiring an additional 37,634 shares during the quarter. Oak Thistle LLC’s holdings in Newell Brands were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. raised its position in Newell Brands by 5,324.8% during the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock valued at $36,282,000 after purchasing an additional 4,637,180 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after buying an additional 2,668,384 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Newell Brands by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock worth $127,629,000 after buying an additional 2,634,114 shares during the last quarter. Primecap Management Co. CA boosted its stake in Newell Brands by 17.7% in the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock worth $90,054,000 after buying an additional 2,109,892 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Newell Brands by 106.7% during the second quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock worth $16,042,000 after acquiring an additional 1,314,514 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Insider Buying and Selling

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the sale, the insider now directly owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price objective on Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price target on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and boosted their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Newell Brands has an average rating of “Hold” and a consensus price target of $10.20.

Get Our Latest Stock Report on Newell Brands

Newell Brands Stock Up 1.6 %

Shares of NASDAQ NWL opened at $9.87 on Wednesday. The firm has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $8.25. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $4.11 billion, a PE ratio of -16.45, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89.

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

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.84%. Newell Brands’s dividend payout ratio is presently -46.67%.

Newell Brands Company Profile

(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.

See Also

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

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