Principal Financial Group Inc. Purchases 82,337 Shares of Newell Brands Inc. (NASDAQ:NWL)

Principal Financial Group Inc. lifted its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,959,641 shares of the company's stock after purchasing an additional 82,337 shares during the period. Principal Financial Group Inc. owned 0.47% of Newell Brands worth $15,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NWL. Rothschild Investment LLC bought a new position in shares of Newell Brands in the 2nd quarter valued at about $26,000. Gradient Investments LLC acquired a new stake in Newell Brands during the 2nd quarter worth $46,000. Quarry LP raised its position in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company's stock valued at $51,000 after acquiring an additional 4,056 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Newell Brands in the 2nd quarter valued at $58,000. Finally, Empowered Funds LLC bought a new position in shares of Newell Brands in the 1st quarter worth $80,000. Institutional investors own 92.50% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on NWL. Canaccord Genuity Group upped their price objective on Newell Brands from $12.00 to $13.00 and gave the company a "buy" rating in a report on Monday, October 28th. Royal Bank of Canada upped their price target on Newell Brands from $7.50 to $9.50 and gave the company a "sector perform" rating in a research note on Monday, July 29th. JPMorgan Chase & Co. reduced their price objective on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. Citigroup downgraded shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. One equities 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, the company presently has an average rating of "Hold" and a consensus price target of $8.90.

Newell Brands Stock Down 1.8 %

NWL stock traded down $0.16 during trading hours on Friday, reaching $8.80. 4,040,146 shares of the stock were exchanged, compared to its average volume of 5,504,938. The company has a market cap of $3.66 billion, a price-to-earnings ratio of -14.67, a PEG ratio of 0.84 and a beta of 0.89. The firm's 50-day moving average is $7.94 and its 200-day moving average is $7.51. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month 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 - Get Free Report) last posted 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. On average, equities research analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, November 29th. Newell Brands's dividend payout ratio is presently -46.67%.

Insider Buying and Selling

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the firm'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 completion of the transaction, the insider now directly owns 230,254 shares in the company, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is currently owned by corporate insiders.

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.