Bank of New Hampshire Sells 1,697 Shares of Newell Brands Inc. (NASDAQ:NWL)

Bank of New Hampshire lowered its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,485 shares of the company’s stock after selling 1,697 shares during the period. Bank of New Hampshire’s holdings in Newell Brands were worth $48,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NWL. State of Alaska Department of Revenue lifted its position in shares of Newell Brands by 408.6% during the third quarter. State of Alaska Department of Revenue now owns 237,254 shares of the company’s stock valued at $2,142,000 after purchasing an additional 190,606 shares in the last quarter. Avior Wealth Management LLC purchased a new position in shares of Newell Brands in the third quarter worth about $25,000. Counterpoint Mutual Funds LLC purchased a new position in Newell Brands during the third quarter valued at approximately $134,000. Oak Thistle LLC purchased a new position in Newell Brands during the third quarter valued at approximately $813,000. Finally, Handelsbanken Fonder AB grew its stake in Newell Brands by 37.1% during the third quarter. Handelsbanken Fonder AB now owns 74,700 shares of the company’s stock valued at $675,000 after acquiring an additional 20,200 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NWL shares. Barclays boosted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Tuesday, January 16th. Morgan Stanley cut their price objective on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Raymond James lowered shares of Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Citigroup dropped their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, February 12th. Finally, UBS Group downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $8.50 in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus price target of $9.13.

Newell Brands Trading Down 1.4 %

Shares of Newell Brands stock traded down $0.10 on Thursday, hitting $6.94. 7,814,304 shares of the company traded hands, compared to its average volume of 5,040,749. The business has a 50-day simple moving average of $7.51 and a 200 day simple moving average of $7.73. Newell Brands Inc. has a 52 week low of $6.49 and a 52 week high of $12.31. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. Newell Brands’s quarterly revenue was down 8.1% on a year-over-year basis. Analysts forecast that Newell Brands Inc. will post 0.56 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -29.47%.

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 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.