Westfield Capital Management Co. LP Decreases Stake in Newell Brands Inc. (NWL)

Westfield Capital Management Co. LP reduced its holdings in shares of Newell Brands Inc. (NYSE:NWL) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,737,839 shares of the company’s stock after selling 369,332 shares during the quarter. Newell Brands makes up approximately 1.3% of Westfield Capital Management Co. LP’s holdings, making the stock its 14th biggest position. Westfield Capital Management Co. LP owned approximately 0.57% of Newell Brands worth $146,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of Newell Brands by 0.5% during the 1st quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock worth $337,000 after acquiring an additional 39 shares in the last quarter. Cleararc Capital Inc. grew its stake in shares of Newell Brands by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock worth $514,000 after acquiring an additional 51 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Newell Brands by 1.6% during the 2nd quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock worth $223,000 after acquiring an additional 66 shares in the last quarter. Savant Capital LLC grew its stake in shares of Newell Brands by 1.9% during the 1st quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock worth $230,000 after acquiring an additional 90 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Newell Brands by 0.3% during 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 acquiring an additional 107 shares in the last quarter. 92.43% of the stock is owned by institutional investors.

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In other Newell Brands news, Director Scott S. Cowen acquired 2,000 shares of Newell Brands 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 of the company’s stock, valued at $3,831,698.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael B. Polk acquired 5,000 shares of Newell Brands stock in a transaction on Wednesday, September 13th. The stock was acquired at an average price of $43.61 per share, with a total value of $218,050.00. Following the purchase, the chief executive officer now directly owns 609,296 shares in the company, valued at $26,571,398.56. The disclosure for this purchase can be found here. Insiders acquired a total of 7,046 shares of company stock valued at $307,669 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Newell Brands Inc. (NYSE:NWL) traded down 0.16% during trading on Friday, hitting $43.20. 7,608,237 shares of the company traded hands. Newell Brands Inc. has a 12-month low of $42.81 and a 12-month high of $55.08. The stock has a 50-day moving average price of $48.67 and a 200-day moving average price of $50.12. The firm has a market capitalization of $21.17 billion, a P/E ratio of 17.25 and a beta of 1.19.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities analysts expect that Newell Brands Inc. will post $3.00 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.13%. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.

Several brokerages have recently weighed in on NWL. Jefferies Group LLC cut shares of Newell Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $63.00 to $49.00 in a research note on Monday, September 11th. Forward View reaffirmed a “buy” rating and set a $58.00 price target on shares of Newell Brands in a research note on Monday, September 11th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and set a $50.00 price target on shares of Newell Brands in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a research note on Tuesday, August 29th. Finally, BidaskClub cut shares of Newell Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.36.

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.

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

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