Truvestments Capital LLC reduced its position in Newell Brands Inc (NYSE:NWL) by 40.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,508 shares of the company’s stock after selling 2,404 shares during the quarter. Truvestments Capital LLC’s holdings in Newell Brands were worth $66,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of NWL. Commonwealth Bank of Australia lifted its holdings in shares of Newell Brands by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 5,346 shares of the company’s stock worth $81,000 after purchasing an additional 640 shares during the period. Kings Point Capital Management increased its holdings in Newell Brands by 15.2% during the 2nd quarter. Kings Point Capital Management now owns 6,695 shares of the company’s stock worth $103,000 after purchasing an additional 884 shares during the period. CSat Investment Advisory L.P. increased its holdings in Newell Brands by 31.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 4,094 shares of the company’s stock worth $63,000 after purchasing an additional 984 shares during the period. MML Investors Services LLC increased its holdings in Newell Brands by 5.8% during the 2nd quarter. MML Investors Services LLC now owns 18,598 shares of the company’s stock worth $287,000 after purchasing an additional 1,017 shares during the period. Finally, Signaturefd LLC increased its holdings in Newell Brands by 8.2% during the 2nd quarter. Signaturefd LLC now owns 16,320 shares of the company’s stock worth $252,000 after purchasing an additional 1,238 shares during the period. 98.42% of the stock is currently owned by institutional investors.
Newell Brands stock traded up $0.23 during midday trading on Friday, reaching $19.08. The stock had a trading volume of 60,460 shares, compared to its average volume of 5,788,780. The stock’s 50-day simple moving average is $17.60 and its 200 day simple moving average is $15.68. The stock has a market capitalization of $7.96 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a twelve month low of $13.04 and a twelve month high of $24.57. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.09. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Equities analysts predict that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend was Thursday, August 29th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
In other Newell Brands news, Director Michael Todman purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $15.76 per share, for a total transaction of $78,800.00. Following the completion of the purchase, the director now owns 72,184 shares in the company, valued at approximately $1,137,619.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.
Several equities research analysts have weighed in on NWL shares. SunTrust Banks upgraded Newell Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $25.00 in a report on Monday, September 30th. Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Deutsche Bank dropped their price objective on Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Morgan Stanley increased their price objective on Newell Brands from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Barclays restated a “hold” rating on shares of Newell Brands in a research note on Wednesday, August 7th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.10.
Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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