Dynamic Technology Lab Private Ltd acquired a new position in shares of Newell Brands Inc (NYSE:NWL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 82,385 shares of the company’s stock, valued at approximately $1,672,000.
Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Newell Brands in the 3rd quarter worth $108,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Newell Brands in the 2nd quarter worth $146,000. Qube Research & Technologies Ltd acquired a new stake in shares of Newell Brands in the 2nd quarter worth $149,000. BlueMountain Capital Management LLC acquired a new stake in shares of Newell Brands in the 2nd quarter worth $151,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Newell Brands by 277.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 5,948 shares of the company’s stock worth $121,000 after acquiring an additional 4,373 shares during the period. 98.42% of the stock is currently owned by institutional investors.
Shares of NYSE NWL opened at $22.68 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. Newell Brands Inc has a 52 week low of $15.11 and a 52 week high of $32.58. The stock has a market capitalization of $10.99 billion, a P/E ratio of 8.25, a P/E/G ratio of 3.96 and a beta of 0.92.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, November 2nd. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.55. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business earned $0.86 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, research analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
NWL has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of Newell Brands from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, October 4th. Morgan Stanley set a $23.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a research note on Friday, November 2nd. Zacks Investment Research restated a “strong sell” rating on shares of Newell Brands in a research note on Wednesday, November 14th. Finally, TheStreet cut shares of Newell Brands from a “c” rating to a “d” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.73.
In related news, SVP James L. Cunningham III sold 22,331 shares of the firm’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $23.45, for a total value of $523,661.95. Following the completion of the sale, the senior vice president now owns 7,321 shares in the company, valued at $171,677.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brett Icahn acquired 100,000 shares of Newell Brands stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average price of $20.03 per share, with a total value of $2,003,000.00. The disclosure for this purchase can be found here. 0.97% of the stock is owned by company insiders.
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Newell Brands Company 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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