Newell Brands Inc. (NYSE:NWL) CEO Michael B. Polk purchased 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of $28.22 per share, with a total value of $197,540.00. Following the purchase, the chief executive officer now directly owns 616,296 shares of the company’s stock, valued at $17,391,873.12. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Newell Brands Inc. (NYSE NWL) opened at $28.82 on Tuesday. 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 stock has a market capitalization of $14,000.00, a PE ratio of 9.95, a PEG ratio of 1.15 and a beta of 1.20. Newell Brands Inc. has a 52-week low of $27.45 and a 52-week high of $55.08.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. Newell Brands’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. research analysts expect that Newell Brands Inc. will post 2.81 earnings per share for the current year.
Newell Brands declared that its board has initiated a stock repurchase program on Tuesday, September 26th that authorizes the company to repurchase $256.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts recently commented on the company. TheStreet lowered Newell Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, November 14th. BMO Capital Markets dropped their price target on Newell Brands from $45.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Forward View reaffirmed a “buy” rating and issued a $35.00 price target on shares of Newell Brands in a research note on Sunday, November 5th. Citigroup Inc. dropped their price target on Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, Morgan Stanley dropped their price target on Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.57.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC raised its position in shares of Newell Brands by 1.6% in the 2nd quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock worth $223,000 after purchasing an additional 66 shares during the last quarter. QS Investors LLC raised its position in shares of Newell Brands by 1.1% in the 2nd quarter. QS Investors LLC now owns 6,040 shares of the company’s stock worth $324,000 after purchasing an additional 68 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Newell Brands by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,891 shares of the company’s stock worth $1,924,000 after purchasing an additional 107 shares during the last quarter. Bellwether Investment Group LLC raised its position in shares of Newell Brands by 2.0% in the 2nd 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 last quarter. Finally, Private Advisor Group LLC raised its position in shares of Newell Brands by 1.7% in the 2nd quarter. Private Advisor Group LLC now owns 13,503 shares of the company’s stock worth $721,000 after purchasing an additional 231 shares during the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.
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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