Quadrant Capital Group LLC Increases Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Quadrant Capital Group LLC raised its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 158.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,798 shares of the company’s stock after buying an additional 11,534 shares during the quarter. Quadrant Capital Group LLC’s holdings in Newell Brands were worth $163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NWL. Yousif Capital Management LLC lifted its position in Newell Brands by 129.8% during the third quarter. Yousif Capital Management LLC now owns 164,235 shares of the company’s stock valued at $1,483,000 after buying an additional 92,778 shares during the period. Coldstream Capital Management Inc. lifted its position in Newell Brands by 59.3% during the third quarter. Coldstream Capital Management Inc. now owns 17,423 shares of the company’s stock valued at $157,000 after buying an additional 6,487 shares during the period. Principal Financial Group Inc. lifted its position in Newell Brands by 368.3% during the third quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company’s stock valued at $18,298,000 after buying an additional 1,593,661 shares during the period. Capula Management Ltd purchased a new position in Newell Brands during the third quarter valued at $818,000. Finally, Victory Capital Management Inc. lifted its position in Newell Brands by 276.6% during the third quarter. Victory Capital Management Inc. now owns 74,642 shares of the company’s stock valued at $674,000 after buying an additional 54,824 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Newell Brands stock opened at $8.22 on Wednesday. The business has a 50-day simple moving average of $7.68 and a two-hundred day simple moving average of $7.88. Newell Brands Inc. has a 52-week low of $6.49 and a 52-week high of $11.61. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts predict that Newell Brands Inc. will post 0.6 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.41%. Newell Brands’s payout ratio is currently -38.89%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NWL. Citigroup raised their price target on Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Canaccord Genuity Group raised their price target on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 29th. Royal Bank of Canada reduced their price target on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Finally, Wells Fargo & Company lifted their price objective on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.70.

Newell Brands 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.