Los Angeles Capital Management LLC Makes New $117,000 Investment in Newell Brands Inc. (NASDAQ:NWL)

Los Angeles Capital Management LLC bought a new stake in Newell Brands Inc. (NASDAQ:NWL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,243 shares of the company’s stock, valued at approximately $117,000.

A number of other large investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D increased its position in Newell Brands by 3.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 273,597 shares of the company’s stock worth $2,101,000 after acquiring an additional 10,268 shares during the period. Sigma Planning Corp increased its holdings in shares of Newell Brands by 257.8% during the third quarter. Sigma Planning Corp now owns 19,322 shares of the company’s stock worth $148,000 after purchasing an additional 31,567 shares during the period. Principal Financial Group Inc. raised its position in shares of Newell Brands by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock valued at $15,050,000 after buying an additional 82,337 shares in the last quarter. M&G PLC raised its position in shares of Newell Brands by 46.2% in the third quarter. M&G PLC now owns 1,462,030 shares of the company’s stock valued at $11,696,000 after buying an additional 462,030 shares in the last quarter. Finally, Innealta Capital LLC boosted its stake in shares of Newell Brands by 82.7% in the third quarter. Innealta Capital LLC now owns 16,394 shares of the company’s stock valued at $126,000 after buying an additional 7,422 shares during the period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Newell Brands stock opened at $8.89 on Tuesday. The business has a 50 day moving average of $7.98 and a 200-day moving average of $7.51. The company has a market capitalization of $3.70 billion, a P/E ratio of -14.82, a P/E/G ratio of 0.82 and a beta of 0.89. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.68. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts predict that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio is presently -46.67%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. Truist Financial upped their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Canaccord Genuity Group upped their price target on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.90.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.58% of the company’s stock.

Newell Brands Profile

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.