Sterling Capital Management LLC lowered its stake in shares of Newell Brands Inc (NYSE:NWL) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,174,037 shares of the company’s stock after selling 170,973 shares during the quarter. Sterling Capital Management LLC owned about 0.24% of Newell Brands worth $36,278,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Gateway Investment Advisers LLC grew its position in Newell Brands by 0.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 392,838 shares of the company’s stock worth $12,139,000 after buying an additional 1,582 shares in the last quarter. Condor Capital Management boosted its holdings in shares of Newell Brands by 8.9% in the 4th quarter. Condor Capital Management now owns 23,380 shares of the company’s stock valued at $722,000 after purchasing an additional 1,904 shares in the last quarter. Buckingham Capital Management Inc. boosted its holdings in shares of Newell Brands by 7.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after purchasing an additional 2,085 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of Newell Brands by 4.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 47,090 shares of the company’s stock valued at $1,455,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Zions Bancorporation boosted its holdings in shares of Newell Brands by 72.6% in the 3rd quarter. Zions Bancorporation now owns 5,588 shares of the company’s stock valued at $238,000 after purchasing an additional 2,350 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NWL stock opened at $27.20 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. Newell Brands Inc has a 1-year low of $23.85 and a 1-year high of $55.08. The firm has a market capitalization of $12,998.51, a PE ratio of 4.83, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business posted $0.80 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. sell-side analysts predict that Newell Brands Inc will post 2.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.38%. Newell Brands’s payout ratio is currently 16.34%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Newell Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Barclays reiterated a “buy” rating and issued a $35.00 price target on shares of Newell Brands in a research note on Wednesday, December 6th. Deutsche Bank assumed coverage on Newell Brands in a research note on Wednesday, December 13th. They issued a “hold” rating and a $32.00 price target for the company. Bank of America cut Newell Brands from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Finally, Jefferies Group reiterated a “hold” rating and issued a $32.00 price target on shares of Newell Brands in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. Newell Brands presently has a consensus rating of “Hold” and an average price target of $34.72.
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About Newell Brands
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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