Parametric Portfolio Associates LLC raised its holdings in Newell Brands Inc (NYSE:NWL) by 47.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,430,670 shares of the company’s stock after purchasing an additional 460,395 shares during the period. Parametric Portfolio Associates LLC’s holdings in Newell Brands were worth $22,061,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec grew its stake in Newell Brands by 150.9% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,101,790 shares of the company’s stock valued at $78,670,000 after acquiring an additional 3,068,565 shares in the last quarter. Marshall Wace LLP lifted its position in Newell Brands by 7,163.2% during the first quarter. Marshall Wace LLP now owns 1,264,094 shares of the company’s stock valued at $19,390,000 after purchasing an additional 1,246,690 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Newell Brands by 298.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,543,693 shares of the company’s stock valued at $33,782,000 after purchasing an additional 1,156,542 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Newell Brands by 9.5% during the first quarter. OppenheimerFunds Inc. now owns 11,695,108 shares of the company’s stock valued at $179,403,000 after purchasing an additional 1,017,861 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Newell Brands by 183.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,537,857 shares of the company’s stock valued at $23,591,000 after purchasing an additional 994,402 shares during the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.
Several equities research analysts have issued reports on the stock. Barclays reiterated a “hold” rating on shares of Newell Brands in a research report on Wednesday, August 7th. Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a research report on Wednesday, July 31st. Deutsche Bank dropped their target price on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Finally, Consumer Edge assumed coverage on shares of Newell Brands in a research report on Wednesday, July 3rd. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Newell Brands has an average rating of “Hold” and a consensus target price of $20.30.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.09. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.12 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. During the same period in the previous year, the business posted $0.82 EPS. Research analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.23 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.15%. Newell Brands’s payout ratio is 33.45%.
In other Newell Brands news, Director Michael Todman acquired 5,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $15.76 per share, for a total transaction of $78,800.00. Following the acquisition, the director now owns 72,184 shares in the company, valued at approximately $1,137,619.84. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.
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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