Kera Capital Partners Inc. Invests $167,000 in Newell Brands Inc. (NASDAQ:NWL)

Kera Capital Partners Inc. purchased a new stake in Newell Brands Inc. (NASDAQ:NWL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,793 shares of the company’s stock, valued at approximately $167,000.

A number of other institutional investors have also added to or reduced their stakes in NWL. Victory Capital Management Inc. increased its stake in Newell Brands by 3.8% in the second quarter. Victory Capital Management Inc. now owns 87,086 shares of the company’s stock valued at $558,000 after acquiring an additional 3,228 shares during the period. American Century Companies Inc. grew its stake in shares of Newell Brands by 28.9% in the 2nd quarter. American Century Companies Inc. now owns 27,864 shares of the company’s stock valued at $179,000 after purchasing an additional 6,247 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after buying an additional 2,668,384 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Newell Brands by 23.3% during the 2nd quarter. Inspire Investing LLC now owns 55,324 shares of the company’s stock worth $355,000 after buying an additional 10,437 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Newell Brands by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 840,423 shares of the company’s stock valued at $5,387,000 after buying an additional 59,357 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NWL. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays raised their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday. Canaccord Genuity Group boosted their target price on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, UBS Group raised their price target on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.70.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now directly owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Newell Brands Stock Down 0.4 %

NASDAQ NWL opened at $10.12 on Monday. The stock has a market capitalization of $4.21 billion, a P/E ratio of -16.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The stock has a fifty day moving average of $9.92 and a 200-day moving average of $8.31.

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

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.77%. Newell Brands’s payout ratio is presently -46.67%.

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.