Dimensional Fund Advisors LP lifted its stake in Newell Brands Inc. (NYSE:NWL) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,633,017 shares of the company’s stock after buying an additional 16,718 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.34% of Newell Brands worth $87,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NWL. Harfst & Associates Inc. purchased a new stake in shares of Newell Brands in the first quarter worth about $103,000. BDO Wealth Advisors LLC purchased a new stake in shares of Newell Brands in the second quarter worth about $107,000. Israel Discount Bank of New York purchased a new stake in shares of Newell Brands in the first quarter worth about $112,000. Parallel Advisors LLC boosted its stake in shares of Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Newell Brands in the first quarter worth about $156,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

In related news, CEO Michael B. Polk acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of $43.61 per share, for a total transaction of $218,050.00. Following the transaction, the chief executive officer now directly owns 609,296 shares of the company’s stock, valued at approximately $26,571,398.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Scott S. Cowen acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average price of $43.60 per share, with a total value of $87,200.00. Following the completion of the transaction, the director now directly owns 87,883 shares in the company, valued at $3,831,698.80. The disclosure for this purchase can be found here. Insiders have bought a total of 7,100 shares of company stock worth $309,715 in the last three months. Corporate insiders own 0.97% of the company’s stock.

A number of analysts have recently commented on NWL shares. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Newell Brands in a research note on Thursday, June 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price target (up previously from $65.00) on shares of Newell Brands in a report on Thursday, July 6th. BidaskClub raised Newell Brands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the stock a “buy” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Newell Brands has a consensus rating of “Buy” and a consensus target price of $56.31.

TRADEMARK VIOLATION NOTICE: “Dimensional Fund Advisors LP Buys 16,718 Shares of Newell Brands Inc. (NWL)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/10/06/dimensional-fund-advisors-lp-buys-16718-shares-of-newell-brands-inc-nwl.html.

Newell Brands Inc. (NYSE NWL) opened at 43.80 on Friday. The firm has a market cap of $21.47 billion, a PE ratio of 17.49 and a beta of 1.15. The firm’s 50 day moving average price is $45.10 and its 200-day moving average price is $49.47. Newell Brands Inc. has a one year low of $40.88 and a one year high of $55.08.

Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 EPS. Equities analysts predict that Newell Brands Inc. will post $3.00 EPS for the current fiscal year.

Newell Brands declared that its Board of Directors has initiated a stock buyback program on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is 36.95%.

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.

Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc. (NYSE:NWL).

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

Receive News & Stock Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related stocks with our FREE daily email newsletter.