Lathrop Investment Management Corp Has $128,000 Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Lathrop Investment Management Corp decreased its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 8.8% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NWL. State of Alaska Department of Revenue lifted its stake in shares of Newell Brands by 408.6% in the 3rd 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 during the period. Avior Wealth Management LLC acquired a new position in shares of Newell Brands in the 3rd quarter valued at $25,000. Oak Thistle LLC acquired a new position in shares of Newell Brands in the 3rd quarter valued at $813,000. Handelsbanken Fonder AB lifted its stake in shares of Newell Brands by 37.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 74,700 shares of the company’s stock valued at $675,000 after purchasing an additional 20,200 shares during the period. Finally, Villere ST Denis J & Co. LLC lifted its stake in shares of Newell Brands by 53.5% in the 3rd quarter. Villere ST Denis J & Co. LLC now owns 674,304 shares of the company’s stock valued at $6,089,000 after purchasing an additional 234,880 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NWL shares. JPMorgan Chase & Co. increased their price target on Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Citigroup lowered their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, February 12th. Barclays upped their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Tuesday, January 16th. Raymond James cut shares of Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Finally, UBS Group cut shares of Newell Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $8.50 in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.13.

Newell Brands Stock Up 12.2 %

NWL stock traded up $0.85 during trading hours on Friday, reaching $7.79. 9,823,407 shares of the stock were exchanged, compared to its average volume of 3,539,482. The firm’s 50-day moving average is $7.49 and its 200-day moving average is $7.73. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -8.20, a PEG ratio of 1.37 and a beta of 0.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $12.31.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business posted ($0.06) EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, equities research analysts expect that Newell Brands Inc. will post 0.56 earnings per share for the current year.

Newell Brands Dividend Announcement

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