Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,959,641 shares of the company’s stock after buying an additional 82,337 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Newell Brands worth $15,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Newell Brands by 15.3% in the first quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company’s stock valued at $620,000 after purchasing an additional 10,240 shares in the last quarter. M&G Plc purchased a new position in shares of Newell Brands during the first quarter valued at approximately $9,992,000. Empowered Funds LLC purchased a new position in shares of Newell Brands during the first quarter valued at approximately $80,000. Dimensional Fund Advisors LP lifted its stake in shares of Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after buying an additional 2,668,384 shares during the period. Finally, Swiss National Bank raised its stake in Newell Brands by 5.5% during the first quarter. Swiss National Bank now owns 817,942 shares of the company’s stock worth $6,568,000 after purchasing an additional 42,400 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NWL shares. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Royal Bank of Canada increased their price target on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Wells Fargo & Company increased their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group increased their price target on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and a consensus target price of $8.90.

Newell Brands Price Performance

Newell Brands stock opened at $8.80 on Friday. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.68. The firm has a fifty day moving average of $7.94 and a 200-day moving average of $7.51. The firm has a market capitalization of $3.66 billion, a P/E ratio of -14.67, a PEG ratio of 0.84 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, analysts predict that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, November 29th. Newell Brands’s payout ratio is -46.67%.

Insider Activity at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.