B & T Capital Management DBA Alpha Capital Management acquired a new position in Newell Brands Inc (NYSE:NWL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 68,964 shares of the company’s stock, valued at approximately $1,400,000.

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Newell Brands during the third quarter valued at approximately $108,000. Steward Partners Investment Advisory LLC increased its position in shares of Newell Brands by 277.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 5,948 shares of the company’s stock valued at $121,000 after acquiring an additional 4,373 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Newell Brands during the third quarter valued at approximately $132,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $146,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $149,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Brett Icahn acquired 100,000 shares of Newell Brands stock in a transaction on Monday, November 12th. The stock was acquired at an average cost of $20.03 per share, with a total value of $2,003,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by corporate insiders.

A number of analysts recently commented on the company. Zacks Investment Research reaffirmed a “strong sell” rating on shares of Newell Brands in a research report on Wednesday, November 14th. Morgan Stanley set a $23.00 price target on Newell Brands and gave the company a “hold” rating in a research report on Tuesday, November 6th. Wells Fargo & Co increased their price target on Newell Brands from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, November 5th. TheStreet downgraded Newell Brands from a “c” rating to a “d” rating in a research report on Friday, November 2nd. Finally, Deutsche Bank increased their price target on Newell Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Monday, November 5th. 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.60.

Shares of NYSE NWL opened at $21.68 on Monday. Newell Brands Inc has a 1-year low of $15.11 and a 1-year high of $32.58. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 3.65 and a beta of 0.82. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.44.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data 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. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company earned $0.86 earnings per share. Newell Brands’s revenue was down 7.7% compared to the same quarter last year. Analysts anticipate that Newell Brands Inc will post 1.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.

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About Newell Brands

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

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