Chicago Equity Partners LLC Invests $425,000 in Newell Brands Inc. (NWL) Stock

Chicago Equity Partners LLC acquired a new position in shares of Newell Brands Inc. (NYSE:NWL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,935 shares of the company’s stock, valued at approximately $425,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sit Investment Associates Inc. raised its stake in Newell Brands by 727.6% during the second quarter. Sit Investment Associates Inc. now owns 191,175 shares of the company’s stock worth $10,251,000 after acquiring an additional 168,075 shares during the period. Quantbot Technologies LP increased its stake in shares of Newell Brands by 396.0% in the first quarter. Quantbot Technologies LP now owns 87,695 shares of the company’s stock valued at $4,136,000 after purchasing an additional 70,014 shares during the period. Bellwether Investment Group LLC increased its stake in shares of Newell Brands by 2.0% in the second quarter. Bellwether Investment Group LLC now owns 5,501 shares of the company’s stock valued at $295,000 after purchasing an additional 110 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Newell Brands by 10.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 961,051 shares of the company’s stock valued at $51,532,000 after purchasing an additional 93,400 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of Newell Brands by 3.8% in the first quarter. King Luther Capital Management Corp now owns 3,172,430 shares of the company’s stock valued at $149,644,000 after purchasing an additional 114,855 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Several equities research analysts have commented on NWL shares. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price target (down previously from $66.00) on shares of Newell Brands in a research note on Monday, August 7th. BidaskClub upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price target on shares of Newell Brands in a research note on Thursday, June 8th. Finally, J P Morgan Chase & Co set a $61.00 price target on shares of Newell Brands and gave the company a “buy” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.36.

WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/09/13/chicago-equity-partners-llc-invests-425000-in-newell-brands-inc-nwl-stock.html.

Newell Brands Inc. (NYSE:NWL) opened at 44.35 on Wednesday. Newell Brands Inc. has a 12-month low of $42.88 and a 12-month high of $55.08. The company has a market capitalization of $21.74 billion, a PE ratio of 17.71 and a beta of 1.19. The stock has a 50 day moving average of $49.68 and a 200 day moving average of $50.29.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Newell Brands Inc. will post $3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is presently 36.95%.

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.

Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc. (NYSE:NWL).

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

Receive News & Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply