Lathrop Investment Management Corp Reduces Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Lathrop Investment Management Corp reduced its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,690 shares of the company’s stock after selling 1,421 shares during the quarter. Lathrop Investment Management Corp’s holdings in Newell Brands were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Campbell & CO Investment Adviser LLC lifted its stake in Newell Brands by 20.9% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 55,998 shares of the company’s stock worth $506,000 after purchasing an additional 9,662 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Newell Brands by 1,213.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 470,989 shares of the company’s stock worth $4,253,000 after purchasing an additional 435,133 shares in the last quarter. FMR LLC lifted its stake in Newell Brands by 481.6% in the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company’s stock worth $48,819,000 after purchasing an additional 4,476,644 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Newell Brands by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,059,578 shares of the company’s stock worth $36,658,000 after purchasing an additional 679,318 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Newell Brands by 88,271.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,604 shares of the company’s stock worth $1,411,000 after buying an additional 162,420 shares during the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Trading Up 12.2 %

Shares of NWL stock traded up $0.85 on Friday, hitting $7.79. 9,823,407 shares of the company’s stock traded hands, compared to its average volume of 3,539,482. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. Newell Brands Inc. has a one year low of $6.49 and a one year high of $12.31. The company’s fifty day simple moving average is $7.49 and its 200 day simple moving average is $7.73. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -8.20, a P/E/G ratio of 1.37 and a beta of 0.95.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS. Equities analysts forecast that Newell Brands Inc. will post 0.56 EPS for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is presently -29.47%.

Analysts Set New Price Targets

NWL has been the topic of a number of research analyst reports. Barclays increased their price target 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. Royal Bank of Canada decreased their price target on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a report on Monday, February 12th. Raymond James lowered shares of Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Citigroup decreased their price target 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, JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.13.

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.