Keybank National Association OH trimmed its holdings in Newell Brands Inc. (NYSE:NWL) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,324 shares of the company’s stock after selling 7,424 shares during the quarter. Keybank National Association OH’s holdings in Newell Brands were worth $5,603,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Eaton Vance Management lifted its position in Newell Brands by 2.1% in the second quarter. Eaton Vance Management now owns 4,055,702 shares of the company’s stock worth $217,467,000 after purchasing an additional 82,184 shares during the period. King Luther Capital Management Corp lifted its position in Newell Brands by 1.0% in the second quarter. King Luther Capital Management Corp now owns 3,203,006 shares of the company’s stock worth $171,745,000 after purchasing an additional 30,576 shares during the period. Whittier Trust Co. lifted its position in Newell Brands by 85.8% in the third quarter. Whittier Trust Co. now owns 10,658 shares of the company’s stock worth $455,000 after purchasing an additional 4,921 shares during the period. Bellwether Investment Group LLC lifted its position in Newell Brands by 2.0% in the second quarter. Bellwether Investment Group LLC now owns 5,501 shares of the company’s stock worth $295,000 after purchasing an additional 110 shares during the period. Finally, FMR LLC lifted its position in Newell Brands by 0.5% in the second quarter. FMR LLC now owns 11,462,512 shares of the company’s stock worth $614,621,000 after purchasing an additional 52,553 shares during the period. 92.03% of the stock is owned by institutional investors.
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Newell Brands Inc. (NYSE NWL) traded down $0.64 during trading hours on Thursday, hitting $30.77. The stock had a trading volume of 799,790 shares, compared to its average volume of 8,110,886. Newell Brands Inc. has a fifty-two week low of $29.70 and a fifty-two week high of $55.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86. The company has a market cap of $15,021.57, a PE ratio of 10.68, a PEG ratio of 1.03 and a beta of 1.20.
Newell Brands (NYSE:NWL) last released its earnings results on Thursday, November 2nd. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. equities analysts anticipate that Newell Brands Inc. will post 2.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.99%. Newell Brands’s payout ratio is 35.52%.
Newell Brands announced that its board has approved a stock buyback plan on Tuesday, September 26th that permits the company to repurchase $256.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
In other news, CEO Michael B. Polk bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $43.61 per share, for a total transaction of $218,050.00. Following the purchase, the chief executive officer now owns 609,296 shares of the company’s stock, valued at approximately $26,571,398.56. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott S. Cowen bought 2,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now directly owns 87,883 shares in the company, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. Insiders acquired a total of 7,100 shares of company stock worth $309,715 in the last 90 days. Company insiders own 0.97% of the company’s stock.
Several research analysts have issued reports on NWL shares. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, August 1st. Forward View restated a “buy” rating and issued a $58.00 target price on shares of Newell Brands in a research note on Monday, September 11th. Jefferies Group LLC lowered their target price on Newell Brands from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $61.00 target price on Newell Brands and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, KeyCorp set a $60.00 target price on Newell Brands and gave the company a “buy” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.57.
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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