Bank of Montreal Can Has $2.81 Million Holdings in Newell Brands Inc. (NASDAQ:NWL)

Bank of Montreal Can boosted its holdings in Newell Brands Inc. (NASDAQ:NWL) by 471.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 281,885 shares of the company’s stock after purchasing an additional 232,580 shares during the quarter. Bank of Montreal Can owned 0.07% of Newell Brands worth $2,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NWL. Vanguard Group Inc. raised its position in shares of Newell Brands by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company’s stock valued at $467,053,000 after buying an additional 1,974,823 shares in the last quarter. FMR LLC increased its stake in Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company’s stock worth $144,695,000 after acquiring an additional 10,172,696 shares during the period. Hennessy Advisors Inc. bought a new position in Newell Brands during the 4th quarter worth $72,431,000. Geode Capital Management LLC raised its holdings in Newell Brands by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 6,938,654 shares of the company’s stock valued at $69,132,000 after acquiring an additional 303,371 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Newell Brands by 43.7% during the 4th quarter. Victory Capital Management Inc. now owns 6,790,865 shares of the company’s stock valued at $67,637,000 after acquiring an additional 2,066,599 shares during the period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Down 5.2 %

Shares of NWL opened at $4.73 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -9.10, a PEG ratio of 0.95 and a beta of 0.84. The stock has a fifty day moving average of $6.26 and a 200-day moving average of $8.28.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the prior year, the firm earned $0.22 earnings per share. As a group, sell-side analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.92%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

Analyst Ratings Changes

Several research firms recently weighed in on NWL. UBS Group upped their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group decreased their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Barclays upped their target price on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada decreased their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.81.

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.