Eagle Boston Investment Management Inc. increased its holdings in shares of Newell Brands Inc (NYSE:NWL) by 51.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 57,895 shares of the company’s stock after purchasing an additional 19,593 shares during the period. Eagle Boston Investment Management Inc.’s holdings in Newell Brands were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Wetherby Asset Management Inc. lifted its position in shares of Newell Brands by 20.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 11,486 shares of the company’s stock worth $296,000 after buying an additional 1,941 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of Newell Brands by 9.4% during the 2nd quarter. LS Investment Advisors LLC now owns 27,528 shares of the company’s stock worth $710,000 after buying an additional 2,355 shares during the last quarter. Bank of The West lifted its position in shares of Newell Brands by 28.0% during the 2nd quarter. Bank of The West now owns 11,257 shares of the company’s stock worth $290,000 after buying an additional 2,461 shares during the last quarter. Bank of Hawaii lifted its position in shares of Newell Brands by 24.5% during the 2nd quarter. Bank of Hawaii now owns 12,940 shares of the company’s stock worth $334,000 after buying an additional 2,550 shares during the last quarter. Finally, Northwest Wealth Management LLC lifted its position in shares of Newell Brands by 69.6% during the 3rd quarter. Northwest Wealth Management LLC now owns 7,433 shares of the company’s stock worth $151,000 after buying an additional 3,050 shares during the last quarter.

In other Newell Brands news, Director Brett Icahn bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was acquired at an average price of $20.03 per share, with a total value of $2,003,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.97% of the company’s stock.

Several research firms have commented on NWL. Bank of America dropped their target price on Newell Brands from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, August 7th. Deutsche Bank dropped their target price on Newell Brands to $23.00 and set a “hold” rating for the company in a research report on Tuesday, August 7th. Citigroup dropped their target price on Newell Brands from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, August 24th. Jefferies Financial Group dropped their target price on Newell Brands from $29.00 to $23.00 and set a “hold” rating for the company in a research report on Wednesday, August 8th. Finally, BMO Capital Markets dropped their target price on Newell Brands from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Newell Brands has an average rating of “Hold” and an average price target of $26.60.

NYSE NWL opened at $21.42 on Tuesday. Newell Brands Inc has a one year low of $15.11 and a one year high of $32.58. The company has a market cap of $10.12 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 3.65 and a beta of 0.82. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, November 2nd. The company reported $0.81 EPS for the quarter, topping 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 analysts’ expectations of $2.34 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. As a group, research analysts predict that Newell Brands Inc will post 1.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.92 annualized dividend and a yield of 4.30%. Newell Brands’s dividend payout ratio is currently 33.45%.

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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.

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

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