DSAM Partners London Ltd bought a new position in shares of Newell Brands Inc. (NYSE:NWL) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 37,355 shares of the company’s stock, valued at approximately $2,003,000.

A number of other large investors also recently bought and sold shares of the stock. Weatherly Asset Management L. P. raised its stake in Newell Brands by 14.8% in the first quarter. Weatherly Asset Management L. P. now owns 15,893 shares of the company’s stock worth $750,000 after buying an additional 2,045 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Newell Brands by 2,004.5% in the first quarter. Canada Pension Plan Investment Board now owns 60,105 shares of the company’s stock worth $2,835,000 after buying an additional 57,249 shares during the last quarter. Wells Fargo & Company MN raised its stake in Newell Brands by 2.6% in the first quarter. Wells Fargo & Company MN now owns 1,887,201 shares of the company’s stock worth $89,018,000 after buying an additional 47,654 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Newell Brands by 12.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 37,049 shares of the company’s stock worth $1,747,000 after buying an additional 4,232 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in Newell Brands by 4.3% in the first quarter. Wetherby Asset Management Inc. now owns 10,303 shares of the company’s stock worth $486,000 after buying an additional 427 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Inc. (NYSE NWL) opened at 48.18 on Tuesday. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 19.24 and a beta of 1.17. The firm’s 50 day moving average price is $51.59 and its 200-day moving average price is $50.23. Newell Brands Inc. has a 52 week low of $43.43 and a 52 week high of $55.08.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Newell Brands Inc. will post $3.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is 36.95%.

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A number of research firms recently issued reports on NWL. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 target price (up previously from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Saturday, July 1st. BidaskClub raised Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of Newell Brands in a research note on Thursday, June 8th. Finally, BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Newell Brands has an average rating of “Buy” and a consensus target price of $58.07.

Newell Brands Company 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.

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

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