Redwood Investment Management LLC purchased a new stake in Newell Brands Inc (NYSE:NWL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,607 shares of the company’s stock, valued at approximately $1,111,000.
Several other institutional investors and hedge funds have also bought and sold shares of NWL. Fairfield Bush & CO. purchased a new position in Newell Brands in the 1st quarter valued at approximately $148,000. Minneapolis Portfolio Management Group LLC purchased a new position in Newell Brands in the 1st quarter valued at approximately $24,257,000. Candriam Luxembourg S.C.A. increased its stake in Newell Brands by 10.4% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 38,277 shares of the company’s stock valued at $975,000 after purchasing an additional 3,612 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Newell Brands in the 1st quarter valued at approximately $9,455,000. Finally, Opus Investment Management Inc. increased its stake in Newell Brands by 51.9% in the 1st quarter. Opus Investment Management Inc. now owns 62,900 shares of the company’s stock valued at $1,603,000 after purchasing an additional 21,500 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.
In other Newell Brands news, Director Michael Todman acquired 4,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were acquired at an average price of $26.53 per share, for a total transaction of $106,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Craigie acquired 1,000 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were acquired at an average price of $26.67 per share, for a total transaction of $26,670.00. The disclosure for this purchase can be found here. 0.97% of the stock is owned by company insiders.
Newell Brands stock opened at $26.23 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.72 and a debt-to-equity ratio of 0.68. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.61 and a beta of 0.80. Newell Brands Inc has a fifty-two week low of $23.85 and a fifty-two week high of $55.08.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, May 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Newell Brands had a return on equity of 10.05% and a net margin of 14.93%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. research analysts anticipate that Newell Brands Inc will post 2.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Wednesday, May 30th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
Several equities analysts recently weighed in on NWL shares. SunTrust Banks reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Newell Brands in a research note on Tuesday, January 30th. KeyCorp reaffirmed a “buy” rating and issued a $32.00 price objective (down from $40.00) on shares of Newell Brands in a research note on Monday, January 29th. Vetr raised Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Newell Brands in a research note on Monday, March 5th. Finally, Morgan Stanley downgraded Newell Brands from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $38.00 to $25.00 in a research note on Thursday, January 25th. Two investment 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 company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.44.
About Newell Brands
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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