Nomura Asset Management Co. Ltd. lifted its holdings in Newell Brands Inc (NYSE:NWL) by 250.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,244 shares of the company’s stock after purchasing an additional 153,064 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Newell Brands were worth $6,620,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. OppenheimerFunds Inc. grew its stake in shares of Newell Brands by 211.5% in the 4th quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock worth $161,001,000 after purchasing an additional 3,537,489 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Newell Brands by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 5,184,895 shares of the company’s stock worth $159,881,000 after purchasing an additional 199,770 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Newell Brands by 7.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 4,361,072 shares of the company’s stock worth $134,757,000 after purchasing an additional 296,965 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of Newell Brands by 7.0% in the 3rd quarter. King Luther Capital Management Corp now owns 3,427,042 shares of the company’s stock worth $146,232,000 after purchasing an additional 224,036 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Newell Brands by 33.3% in the 3rd quarter. Jennison Associates LLC now owns 3,103,400 shares of the company’s stock worth $132,422,000 after purchasing an additional 775,189 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on NWL shares. Zacks Investment Research downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Barclays reissued a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a research report on Wednesday, December 6th. Deutsche Bank started coverage on shares of Newell Brands in a research report on Wednesday, December 13th. They issued a “hold” rating and a $32.00 target price on the stock. Bank of America downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Finally, Jefferies Group reissued a “hold” rating and issued a $32.00 target price on shares of Newell Brands in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Newell Brands presently has a consensus rating of “Hold” and an average price target of $34.72.
Shares of Newell Brands stock opened at $24.73 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Newell Brands Inc has a 1-year low of $23.85 and a 1-year high of $55.08. The firm has a market capitalization of $12,362.90, a PE ratio of 8.99, a PEG ratio of 1.37 and a beta of 0.81.
Newell Brands (NYSE:NWL) last released its earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. analysts anticipate that Newell Brands Inc will post 2.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, February 27th. Newell Brands’s payout ratio is currently 33.45%.
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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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