Dimensional Fund Advisors LP Purchases 434,762 Shares of Newell Brands Inc. (NASDAQ:NWL)

Dimensional Fund Advisors LP boosted its position in Newell Brands Inc. (NASDAQ:NWL) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,623,470 shares of the company’s stock after acquiring an additional 434,762 shares during the quarter. Dimensional Fund Advisors LP owned 2.08% of Newell Brands worth $74,855,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new position in Newell Brands in the third quarter valued at approximately $51,000. GAMMA Investing LLC bought a new stake in shares of Newell Brands during the fourth quarter worth $61,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Newell Brands during the fourth quarter worth $88,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Newell Brands during the fourth quarter worth $94,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Newell Brands during the third quarter worth $108,000. 92.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on NWL shares. Wells Fargo & Company boosted their target price on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Royal Bank of Canada reduced their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Monday, February 12th. Raymond James cut shares of Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Finally, UBS Group cut shares of Newell Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $8.50 in a research note on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.70.

Newell Brands Trading Up 0.1 %

NWL stock opened at $7.86 on Friday. 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 Inc. has a 12-month low of $6.49 and a 12-month high of $11.61. The company’s fifty day simple moving average is $7.67 and its 200 day simple moving average is $7.88.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, research analysts predict that Newell Brands Inc. will post 0.6 EPS for the current fiscal 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 issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 3.56%. Newell Brands’s dividend payout ratio is currently -38.89%.

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.