Principal Financial Group Inc. lifted its stake in Newell Brands Inc. (NASDAQ:NWL – Free Report) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 460,965 shares of the company’s stock after buying an additional 9,038 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of Newell Brands worth $5,734,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in NWL. Mariner LLC raised its stake in Newell Brands by 3.3% in the first quarter. Mariner LLC now owns 16,544 shares of the company’s stock valued at $355,000 after purchasing an additional 532 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Newell Brands by 5.0% in the 1st quarter. Private Advisor Group LLC now owns 12,567 shares of the company’s stock valued at $269,000 after buying an additional 593 shares in the last quarter. Kinneret Advisory LLC raised its position in shares of Newell Brands by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 33,080 shares of the company’s stock valued at $708,000 after buying an additional 739 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Newell Brands by 2.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 26,664 shares of the company’s stock worth $349,000 after acquiring an additional 740 shares during the period. Finally, Yousif Capital Management LLC boosted its position in shares of Newell Brands by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 58,920 shares of the company’s stock worth $1,261,000 after acquiring an additional 745 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on NWL shares. StockNews.com assumed coverage on Newell Brands in a research note on Wednesday, August 23rd. They set a “sell” rating for the company. Canaccord Genuity Group lifted their target price on Newell Brands from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Raymond James dropped their target price on shares of Newell Brands from $15.00 to $13.00 and set a “strong-buy” rating for the company in a report on Monday, July 24th. Citigroup lifted their price target on shares of Newell Brands from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Newell Brands from $9.00 to $11.00 in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.08.
Newell Brands Stock Up 1.2 %
Shares of NASDAQ NWL opened at $10.71 on Friday. The company’s 50 day moving average price is $10.24 and its 200-day moving average price is $10.45. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.62 and a current ratio of 1.25. Newell Brands Inc. has a 52-week low of $7.80 and a 52-week high of $18.54. The company has a market capitalization of $4.44 billion, a P/E ratio of -14.47 and a beta of 0.98.
Newell Brands (NASDAQ:NWL – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Newell Brands had a negative net margin of 3.53% and a positive return on equity of 10.33%. Equities analysts forecast that Newell Brands Inc. will post 0.85 earnings per share for the current year.
Newell Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.61%. Newell Brands’s dividend payout ratio is currently -37.84%.
About Newell Brands
Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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