APG Asset Management N.V. Has $32,130,000 Stake in Newell Brands Inc. (NYSE:NWL)

APG Asset Management N.V. maintained its position in Newell Brands Inc. (NYSE:NWL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 599,217 shares of the company’s stock at the end of the second quarter. APG Asset Management N.V. owned approximately 0.12% of Newell Brands worth $32,130,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its position in Newell Brands by 11.7% in the second quarter. Gulf International Bank UK Ltd now owns 151,053 shares of the company’s stock worth $8,099,000 after buying an additional 15,765 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Newell Brands by 95.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,001 shares of the company’s stock worth $214,000 after buying an additional 1,959 shares during the last quarter. US Bancorp DE increased its stake in Newell Brands by 1.4% in the second quarter. US Bancorp DE now owns 220,653 shares of the company’s stock worth $11,831,000 after buying an additional 2,972 shares during the last quarter. Sit Investment Associates Inc. increased its stake in Newell Brands by 727.6% in the second quarter. Sit Investment Associates Inc. now owns 191,175 shares of the company’s stock worth $10,251,000 after buying an additional 168,075 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Newell Brands by 14.5% in the second quarter. Aperio Group LLC now owns 214,824 shares of the company’s stock worth $11,519,000 after buying an additional 27,151 shares during the last quarter. 94.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Newell Brands Inc. (NWL) traded down 1.07% on Tuesday, reaching $50.76. 4,680,248 shares of the company traded hands. The company has a 50-day moving average of $53.09 and a 200-day moving average of $49.90. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 21.54 and a beta of 1.17. Newell Brands Inc. has a 1-year low of $43.43 and a 1-year high of $55.45.

Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Analysts anticipate that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.

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Several research analysts have recently commented on NWL shares. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the stock a “hold” rating in a report on Saturday. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Tuesday, April 11th. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. B. Riley reissued a “buy” rating and issued a $71.00 price target on shares of Newell Brands in a research report on Friday, April 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 price target on shares of Newell Brands in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target 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.