Robeco Institutional Asset Management B.V. increased its holdings in Newell Brands Inc (NYSE:NWL) by 250.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,049 shares of the company’s stock after buying an additional 24,329 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Newell Brands were worth $691,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in NWL. Truvestments Capital LLC purchased a new stake in shares of Newell Brands in the 3rd quarter worth about $108,000. Steward Partners Investment Advisory LLC lifted its holdings in Newell Brands by 277.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 5,948 shares of the company’s stock valued at $121,000 after purchasing an additional 4,373 shares in the last quarter. Aviance Capital Management LLC purchased a new position in Newell Brands in the 3rd quarter valued at about $132,000. Piedmont Investment Advisors LLC purchased a new position in Newell Brands in the 2nd quarter valued at about $146,000. Finally, Qube Research & Technologies Ltd purchased a new position in Newell Brands in the 2nd quarter valued at about $149,000.
NWL has been the topic of a number of recent research reports. Barclays restated a “hold” rating and issued a $24.00 target price on shares of Newell Brands in a report on Sunday, October 7th. Bank of America reduced their target price on shares of Newell Brands from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, October 4th. Jefferies Financial Group reduced their target price on shares of Newell Brands to $20.00 and set a “hold” rating on the stock in a report on Monday, November 5th. Citigroup dropped their price objective on shares of Newell Brands from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.60.
NYSE NWL opened at $21.74 on Monday. Newell Brands Inc has a 12 month low of $15.11 and a 12 month high of $32.58. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. The stock has a market cap of $10.15 billion, a PE ratio of 7.91, a P/E/G ratio of 3.66 and a beta of 0.82.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, November 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.55. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.34 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. On average, analysts expect that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
Newell Brands Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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