Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in Newell Brands Inc. (NASDAQ:NWL) by 52.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,300 shares of the company’s stock after selling 51,400 shares during the period. Versor Investments LP’s holdings in Newell Brands were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Newell Brands in the 4th quarter worth about $128,000. Los Angeles Capital Management LLC raised its stake in shares of Newell Brands by 21.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 18,491 shares of the company’s stock worth $184,000 after buying an additional 3,248 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Newell Brands by 36.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,026,323 shares of the company’s stock worth $40,102,000 after buying an additional 1,083,921 shares during the period. WESPAC Advisors LLC purchased a new position in shares of Newell Brands during the 4th quarter valued at approximately $868,000. Finally, Handelsbanken Fonder AB grew its stake in Newell Brands by 4.8% in the 4th quarter. Handelsbanken Fonder AB now owns 106,200 shares of the company’s stock valued at $1,058,000 after acquiring an additional 4,900 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on NWL. JPMorgan Chase & Co. upped their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Citigroup decreased their price target on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Barclays lifted their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Royal Bank of Canada lowered their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.81.

Newell Brands Price Performance

NWL stock opened at $6.42 on Monday. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $11.78. 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 has a market capitalization of $2.67 billion, a PE ratio of -12.35, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The business has a 50 day simple moving average of $9.04 and a 200-day simple moving average of $8.62.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (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. Equities research analysts anticipate 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands’s payout ratio is currently -53.85%.

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.