Moors & Cabot Inc. lessened its holdings in shares of Newell Brands Inc. (NASDAQ:NWL – Free Report) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,873 shares of the company’s stock after selling 3,492 shares during the quarter. Moors & Cabot Inc.’s holdings in Newell Brands were worth $243,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Kestra Private Wealth Services LLC grew its holdings in shares of Newell Brands by 6.7% in the third quarter. Kestra Private Wealth Services LLC now owns 24,775 shares of the company’s stock valued at $224,000 after purchasing an additional 1,547 shares during the period. Qsemble Capital Management LP purchased a new stake in shares of Newell Brands during the 3rd quarter valued at approximately $316,000. Metis Global Partners LLC acquired a new position in Newell Brands in the third quarter valued at approximately $144,000. Arizona State Retirement System lifted its holdings in Newell Brands by 1.4% in the third quarter. Arizona State Retirement System now owns 112,012 shares of the company’s stock valued at $1,011,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new position in Newell Brands in the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on NWL. Royal Bank of Canada lowered their price target on Newell Brands from $12.00 to $9.00 and set a “sector perform” rating for the company in a report on Monday, October 30th. Morgan Stanley reduced their price target on shares of Newell Brands from $11.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 31st. Truist Financial cut shares of Newell Brands from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.00 to $8.00 in a research report on Monday, October 30th. UBS Group lifted their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Finally, Barclays upped their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.55.
Newell Brands Trading Down 0.4 %
NASDAQ NWL opened at $8.06 on Wednesday. The business’s 50-day moving average price is $8.44 and its 200 day moving average price is $8.67. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.24 and a quick ratio of 0.65. Newell Brands Inc. has a 52-week low of $6.49 and a 52-week high of $15.60.
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 five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
- Five stocks we like better than Newell Brands
- Industrial Products Stocks Investing
- AMD, Broadcom, Marvell, Nvidia: Big gainers from new AI spending
- Basic Materials Stocks Investing
- Is the dip in Atlassian stock a sneaky buy opportunity?
- Short Selling: How to Short a Stock
- Caterpillar stock hits new highs; time to ring the register?
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.