Standard Life Aberdeen plc Decreases Position in Newell Brands Inc (NWL)

Standard Life Aberdeen plc trimmed its holdings in Newell Brands Inc (NYSE:NWL) by 26.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,371,332 shares of the company’s stock after selling 1,955,134 shares during the quarter. Standard Life Aberdeen plc’s holdings in Newell Brands were worth $166,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its stake in Newell Brands by 2.9% during the 3rd quarter. American Century Companies Inc. now owns 7,946,423 shares of the company’s stock valued at $339,074,000 after purchasing an additional 225,484 shares in the last quarter. OppenheimerFunds Inc. increased its stake in Newell Brands by 211.5% during the 4th quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock valued at $161,001,000 after purchasing an additional 3,537,489 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Newell Brands by 7.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 4,361,072 shares of the company’s stock valued at $134,757,000 after purchasing an additional 296,965 shares in the last quarter. First Manhattan Co. increased its stake in Newell Brands by 12.1% during the 3rd quarter. First Manhattan Co. now owns 3,649,938 shares of the company’s stock valued at $155,742,000 after purchasing an additional 394,123 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in Newell Brands by 7.0% during the 3rd quarter. King Luther Capital Management Corp now owns 3,427,042 shares of the company’s stock valued at $146,232,000 after purchasing an additional 224,036 shares in the last quarter. Institutional investors own 86.04% of the company’s stock.

A number of analysts have weighed in on NWL shares. Raymond James Financial restated a “market perform” rating on shares of Newell Brands in a research note on Friday, November 3rd. Morgan Stanley reduced their price objective on shares of Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Forward View restated a “buy” rating and set a $35.00 price objective on shares of Newell Brands in a research note on Sunday, November 5th. Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a research note on Monday, January 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of Newell Brands in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.50.

Newell Brands Inc (NWL) traded up $0.28 on Wednesday, hitting $27.67. 611,340 shares of the company were exchanged, compared to its average volume of 11,608,624. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a market capitalization of $13,835.52, a P/E ratio of 4.88, a price-to-earnings-growth ratio of 1.33 and a beta of 0.90. Newell Brands Inc has a one year low of $23.85 and a one year high of $55.08.

Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. research analysts predict that Newell Brands Inc will post 2.7 EPS for the current fiscal year.

Newell Brands announced that its board has approved a share repurchase program on Thursday, November 2nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Tuesday, February 27th. Newell Brands’s payout ratio is 16.34%.

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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.

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

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