Xact Kapitalforvaltning AB raised its position in Newell Brands Inc (NYSE:NWL) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,229 shares of the company’s stock after purchasing an additional 3,798 shares during the period. Xact Kapitalforvaltning AB’s holdings in Newell Brands were worth $2,528,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its holdings in Newell Brands by 177.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 613,595 shares of the company’s stock valued at $18,960,000 after purchasing an additional 392,305 shares in the last quarter. Amalgamated Bank lifted its holdings in Newell Brands by 11.1% in the 4th quarter. Amalgamated Bank now owns 61,379 shares of the company’s stock valued at $1,897,000 after purchasing an additional 6,135 shares in the last quarter. American International Group Inc. lifted its holdings in Newell Brands by 9.0% in the 4th quarter. American International Group Inc. now owns 218,669 shares of the company’s stock valued at $6,757,000 after purchasing an additional 18,091 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Newell Brands by 5.0% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 92,145 shares of the company’s stock valued at $2,847,000 after purchasing an additional 4,398 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Newell Brands by 178.9% in the 4th quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock valued at $238,427,000 after purchasing an additional 4,949,143 shares in the last quarter. Institutional investors own 96.68% of the company’s stock.
In other Newell Brands news, Director James Craigie purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The shares were purchased at an average price of $26.67 per share, for a total transaction of $26,670.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Todman purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The stock was acquired at an average price of $26.53 per share, for a total transaction of $106,120.00. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.
NYSE NWL opened at $26.21 on Monday. Newell Brands Inc has a one year low of $22.60 and a one year high of $54.19. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.72. The company has a market capitalization of $12.73 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 1.62 and a beta of 0.75.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, May 4th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.08. Newell Brands had a net margin of 14.93% and a return on equity of 10.05%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Newell Brands’s revenue for the quarter was down 7.6% compared to the same quarter last year. equities research analysts predict that Newell Brands Inc will post 2.65 EPS for the current year.
Newell Brands declared that its board has approved a stock buyback plan on Monday, June 11th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to buy up to 19.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $0.92 annualized dividend and a yield of 3.51%. Newell Brands’s payout ratio is 33.45%.
NWL has been the topic of a number of recent research reports. Vetr upgraded shares of Newell Brands from a “buy” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Thursday, March 1st. Citigroup reiterated a “buy” rating on shares of Newell Brands in a report on Monday, March 5th. Barclays set a $28.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a report on Thursday, March 15th. JPMorgan Chase & Co. set a $28.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a report on Monday, March 19th. Finally, SunTrust Banks lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $31.44.
Newell Brands Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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