Swiss National Bank boosted its position in Newell Brands Inc. (NYSE:NWL) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,779,453 shares of the company’s stock after purchasing an additional 17,900 shares during the period. Swiss National Bank owned about 363,079.58% of Newell Brands worth $75,929,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of NWL. BDO Wealth Advisors LLC purchased a new stake in shares of Newell Brands during the second quarter worth $107,000. Harfst & Associates Inc. lifted its position in shares of Newell Brands by 14.4% during the second quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after acquiring an additional 315 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Newell Brands during the second quarter worth $143,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Newell Brands during the first quarter worth $156,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Newell Brands by 52.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after acquiring an additional 1,088 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.
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In other news, CEO Michael B. Polk bought 5,000 shares of Newell Brands stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $43.61 per share, with a total value of $218,050.00. Following the completion of the purchase, the chief executive officer now directly owns 609,296 shares in the company, valued at $26,571,398.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott S. Cowen bought 2,000 shares of Newell Brands stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now owns 87,883 shares of the company’s stock, valued at $3,831,698.80. The disclosure for this purchase can be found here. In the last three months, insiders purchased 7,100 shares of company stock worth $309,715. 0.97% of the stock is owned by insiders.
NWL has been the topic of several recent research reports. BidaskClub downgraded Newell Brands from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Newell Brands from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets set a $51.00 target price on Newell Brands and gave the stock a “hold” rating in a research report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and set a $65.00 target price (down previously from $66.00) on shares of Newell Brands in a research report on Monday, August 7th. Finally, J P Morgan Chase & Co set a $61.00 target price on Newell Brands and gave the stock a “buy” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.57.
Newell Brands Inc. (NYSE:NWL) opened at $29.30 on Friday. The company has a market capitalization of $14,359.93, a price-to-earnings ratio of 10.21, a P/E/G ratio of 0.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86. Newell Brands Inc. has a 12 month low of $29.22 and a 12 month high of $55.08.
Newell Brands (NYSE:NWL) last released its earnings results on Thursday, November 2nd. The company reported $0.86 EPS for the quarter, missing the Zacks’ 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 firm’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. equities analysts forecast that Newell Brands Inc. will post 2.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.14%. Newell Brands’s dividend payout ratio is presently 35.52%.
Newell Brands declared that its board has approved a share 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 reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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