Engineers Gate Manager LP acquired a new position in Newell Brands Inc. (NYSE:NWL) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 42,580 shares of the company’s stock, valued at approximately $1,817,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Newell Brands by 2.8% in the second quarter. Vanguard Group Inc. now owns 47,877,545 shares of the company’s stock valued at $2,567,193,000 after buying an additional 1,305,820 shares in the last quarter. Capital World Investors grew its stake in shares of Newell Brands by 2.0% in the second quarter. Capital World Investors now owns 31,195,887 shares of the company’s stock valued at $1,672,723,000 after buying an additional 610,973 shares in the last quarter. BlackRock Inc. grew its stake in shares of Newell Brands by 1.8% in the second quarter. BlackRock Inc. now owns 30,518,491 shares of the company’s stock valued at $1,636,402,000 after buying an additional 543,779 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Newell Brands by 112.5% in the second quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock valued at $742,686,000 after buying an additional 7,331,309 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Newell Brands by 0.5% in the second quarter. FMR LLC now owns 11,462,512 shares of the company’s stock valued at $614,621,000 after buying an additional 52,553 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Shares of Newell Brands Inc. (NWL) opened at $30.96 on Friday. Newell Brands Inc. has a 12 month low of $27.45 and a 12 month high of $55.08. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $15,168.60, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business earned $0.78 EPS. Newell Brands’s revenue for the quarter was down 7.0% compared to the same quarter last year. equities research analysts forecast that Newell Brands Inc. will post 2.81 earnings per share for the current year.

Newell Brands declared that its board has approved a share repurchase program on Tuesday, September 26th that permits the company to buyback $256.00 million in outstanding shares. This buyback authorization permits the company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.97%. Newell Brands’s dividend payout ratio (DPR) is presently 35.52%.

In other Newell Brands news, Director Scott S. Cowen acquired 2,000 shares of the stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now directly owns 87,883 shares in the company, valued at $3,831,698.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael B. Polk acquired 7,000 shares of the stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $28.22 per share, with a total value of $197,540.00. Following the purchase, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 14,100 shares of company stock valued at $507,255. 0.97% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley lowered their target price on Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 target price on shares of Newell Brands in a research note on Tuesday, August 29th. TheStreet lowered Newell Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, Forward View reiterated a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a research note on Sunday, November 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Newell Brands has a consensus rating of “Hold” and a consensus target price of $47.79.

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Newell Brands Profile

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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