Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,376 shares of the company’s stock after purchasing an additional 1,666 shares during the quarter. Versant Capital Management Inc’s holdings in Newell Brands were worth $83,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Rothschild Investment LLC purchased a new position in Newell Brands during the 2nd quarter worth $26,000. Quarry LP increased its stake in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after acquiring an additional 4,056 shares during the period. Venturi Wealth Management LLC purchased a new position in Newell Brands during the third quarter worth about $70,000. Atomi Financial Group Inc. acquired a new stake in Newell Brands in the third quarter valued at about $79,000. Finally, Claro Advisors LLC purchased a new stake in Newell Brands in the 3rd quarter valued at approximately $79,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $9.99 on Friday. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78. The stock has a market cap of $4.16 billion, a PE ratio of -16.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.90. The business’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $8.07. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts forecast that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio is presently -46.67%.

Analyst Upgrades and Downgrades

NWL has been the subject of a number of analyst reports. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $8.00 to $10.00 in a report on Wednesday, November 20th. Wells Fargo & Company upped their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.

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.