DekaBank Deutsche Girozentrale raised its position in shares of Newell Brands Inc. (NYSE:NWL) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,018,121 shares of the company’s stock after buying an additional 91,536 shares during the period. DekaBank Deutsche Girozentrale owned about 0.21% of Newell Brands worth $51,751,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in NWL. Bank of New York Mellon Corp boosted its position in Newell Brands by 112.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock valued at $742,686,000 after buying an additional 7,331,309 shares during the period. Jennison Associates LLC purchased a new stake in Newell Brands during the 2nd quarter valued at $124,839,000. Ameriprise Financial Inc. boosted its position in Newell Brands by 28.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,796,439 shares of the company’s stock valued at $417,953,000 after buying an additional 1,709,917 shares during the period. FIL Ltd purchased a new stake in Newell Brands during the 2nd quarter valued at $76,301,000. Finally, Vanguard Group Inc. boosted its position in Newell Brands by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 47,877,545 shares of the company’s stock valued at $2,567,193,000 after buying an additional 1,305,820 shares during the period. 91.42% of the stock is owned by institutional investors and hedge funds.
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In other news, 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 cost 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 in the company, valued at $26,571,398.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott S. Cowen acquired 2,000 shares of Newell Brands stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $43.60 per share, with a total value of $87,200.00. Following the completion of the purchase, the director now owns 87,883 shares in the company, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,100 shares of company stock valued at $309,715. 0.97% of the stock is currently owned by corporate insiders.
NWL has been the subject of several research analyst reports. BidaskClub cut shares of Newell Brands from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of 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 shares of Newell Brands and gave the stock a “hold” rating in a research report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 target price (down 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 shares of Newell Brands and gave the stock a “buy” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.57.
Shares of Newell Brands Inc. (NWL) traded down $0.55 during midday trading on Tuesday, reaching $27.92. 2,860,914 shares of the company were exchanged, compared to its average volume of 4,552,651. Newell Brands Inc. has a one year low of $28.11 and a one year high of $55.08. The stock has a market cap of $13,950.00, a PE ratio of 10.21, a P/E/G ratio of 1.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the business earned $0.78 earnings per share. The company’s revenue was down 7.0% on a year-over-year basis. research analysts anticipate that Newell Brands Inc. will post 2.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.30%. Newell Brands’s dividend payout ratio (DPR) is currently 35.52%.
Newell Brands announced that its board has authorized a share repurchase plan on Tuesday, September 26th that permits the company to buyback $256.00 million in shares. This buyback authorization permits the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
Newell Brands Company Profile
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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