Schneider Capital Management Corp purchased a new stake in shares of Newell Brands Inc (NYSE:NWL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 555,039 shares of the company’s stock, valued at approximately $11,267,000. Newell Brands accounts for about 2.2% of Schneider Capital Management Corp’s holdings, making the stock its 13th largest position. Schneider Capital Management Corp owned about 0.12% of Newell Brands at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC bought a new stake in Newell Brands during the second quarter valued at about $427,655,000. BlackRock Inc. boosted its holdings in Newell Brands by 10.7% in the third quarter. BlackRock Inc. now owns 41,188,089 shares of the company’s stock worth $836,120,000 after acquiring an additional 3,982,751 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Newell Brands by 15.7% in the third quarter. Bank of New York Mellon Corp now owns 14,040,672 shares of the company’s stock worth $285,027,000 after acquiring an additional 1,906,362 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Newell Brands by 90.9% in the second quarter. Wells Fargo & Company MN now owns 1,843,491 shares of the company’s stock worth $47,544,000 after acquiring an additional 877,661 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Newell Brands by 241.2% in the second quarter. First Trust Advisors LP now owns 1,178,641 shares of the company’s stock worth $30,397,000 after acquiring an additional 833,230 shares in the last quarter.
Shares of NWL stock opened at $22.30 on Monday. 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 company has a market cap of $10.15 billion, a P/E ratio of 8.11, a P/E/G ratio of 3.66 and a beta of 0.82. Newell Brands Inc has a twelve month low of $15.11 and a twelve month high of $32.58.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.55. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. Newell Brands’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. As a group, equities analysts predict that Newell Brands Inc will post 1.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
Several equities research analysts have weighed in on NWL shares. Deutsche Bank lowered their price target on Newell Brands to $23.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. BMO Capital Markets lowered their price target on Newell Brands from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Monday, November 5th. Zacks Investment Research reissued a “strong sell” rating on shares of Newell Brands in a report on Wednesday, November 14th. Citigroup lowered their price target on Newell Brands from $36.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Finally, Bank of America lowered their price target on Newell Brands from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.60.
In other Newell Brands news, Director Brett Icahn acquired 100,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was acquired at an average cost of $20.03 per share, for a total transaction of $2,003,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is owned by insiders.
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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.
Further Reading: Why is the ex-dividend date different from the record date?
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