Quantbot Technologies LP Boosts Holdings in Newell Brands Inc. (NASDAQ:NWL)

Quantbot Technologies LP grew its position in Newell Brands Inc. (NASDAQ:NWL) by 28.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 270,766 shares of the company’s stock after purchasing an additional 59,836 shares during the period. Quantbot Technologies LP’s holdings in Newell Brands were worth $2,079,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in Newell Brands in the 2nd quarter worth approximately $26,000. Gradient Investments LLC acquired a new stake in shares of Newell Brands during the second quarter worth $46,000. Quarry LP grew its holdings in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Newell Brands in the 2nd quarter valued at $58,000. Finally, Venturi Wealth Management LLC purchased a new position in Newell Brands in the 3rd quarter worth $70,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Canaccord Genuity Group raised their target price on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $8.00 to $10.00 in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.10.

Newell Brands Stock Performance

Shares of NWL stock opened at $9.56 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.72. The business’s 50 day moving average is $8.26 and its two-hundred day moving average is $7.59. The company has a market capitalization of $3.98 billion, a P/E ratio of -15.93, a P/E/G ratio of 0.89 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Analysts expect that Newell Brands Inc. will post 0.66 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.93%. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

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.