Landscape Capital Management L.L.C. Takes Position in Newell Brands Inc. (NASDAQ:NWL)

Landscape Capital Management L.L.C. acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 431,805 shares of the company's stock, valued at approximately $3,316,000. Landscape Capital Management L.L.C. owned about 0.10% of Newell Brands at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NWL. Principal Financial Group Inc. raised its position in shares of Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after acquiring an additional 82,337 shares in the last quarter. Versor Investments LP boosted its holdings in shares of Newell Brands by 135.6% in the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company's stock valued at $758,000 after buying an additional 56,800 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after buying an additional 2,668,384 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Newell Brands in the second quarter worth about $596,000. Finally, Elevated Capital Advisors LLC acquired a new position in Newell Brands in the second quarter valued at approximately $468,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Stock Up 0.2 %

Shares of Newell Brands stock opened at $8.84 on Thursday. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.68. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The company has a market cap of $3.68 billion, a P/E ratio of -14.73, a P/E/G ratio of 0.82 and a beta of 0.89. The stock has a 50-day moving average price of $8.05 and a 200 day moving average price of $7.53.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. During the same period in the prior year, the company posted $0.39 earnings per share. Newell Brands's revenue for the quarter was down 2.6% on a year-over-year basis. As a group, analysts expect that Newell Brands Inc. will post 0.66 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 3.17%. Newell Brands's dividend payout ratio is presently -46.67%.

Insider Buying and Selling

In related news, insider Bradford R. Turner sold 20,000 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NWL has been the subject of a number of recent research reports. Barclays upgraded Newell Brands from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $8.00 to $10.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Citigroup cut Newell Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 13th. Wells Fargo & Company raised their target price on Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group boosted their price target on Newell Brands from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Newell Brands has a consensus rating of "Hold" and a consensus target price of $9.10.

About Newell Brands

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.

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