Lathrop Investment Management Corp Sells 3,301 Shares of Newell Brands Inc (NWL)

Lathrop Investment Management Corp cut its stake in Newell Brands Inc (NYSE:NWL) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,140 shares of the company’s stock after selling 3,301 shares during the period. Newell Brands comprises about 1.6% of Lathrop Investment Management Corp’s holdings, making the stock its 25th largest holding. Lathrop Investment Management Corp owned about 0.07% of Newell Brands worth $6,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NWL. Truvestments Capital LLC acquired a new stake in Newell Brands in the third quarter valued at $108,000. Northwest Wealth Management LLC raised its stake in Newell Brands by 5,180.7% in the second quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock valued at $113,000 after buying an additional 4,300 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Newell Brands by 277.7% in the third quarter. Steward Partners Investment Advisory LLC now owns 5,948 shares of the company’s stock valued at $121,000 after buying an additional 4,373 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Newell Brands in the second quarter valued at $146,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Newell Brands in the second quarter valued at $149,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

In other Newell Brands news, CEO Michael B. Polk acquired 10,000 shares of the stock in a transaction on Monday, August 13th. The shares were bought at an average price of $20.63 per share, with a total value of $206,300.00. Following the acquisition, the chief executive officer now owns 941,951 shares of the company’s stock, valued at $19,432,449.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Craigie acquired 11,500 shares of the stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of $21.33 per share, for a total transaction of $245,295.00. Following the acquisition, the director now directly owns 14,081 shares in the company, valued at approximately $300,347.73. The disclosure for this purchase can be found here. Insiders own 0.97% of the company’s stock.



NWL has been the topic of a number of analyst reports. Citigroup cut their price target on Newell Brands from $36.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Royal Bank of Canada restated a “hold” rating and issued a $24.00 price target on shares of Newell Brands in a research note on Wednesday, August 8th. BMO Capital Markets cut their target price on Newell Brands from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. Jefferies Financial Group cut their target price on Newell Brands from $29.00 to $23.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. Finally, Deutsche Bank cut their target price on Newell Brands to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $28.82.

Shares of NWL traded down $0.23 during midday trading on Monday, reaching $15.40. 502,853 shares of the stock were exchanged, compared to its average volume of 9,508,328. The stock has a market capitalization of $7.39 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 3.66 and a beta of 0.60. Newell Brands Inc has a twelve month low of $15.38 and a twelve month high of $41.31. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.74 and a current ratio of 3.17.

Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Newell Brands had a return on equity of 9.58% and a net margin of 16.39%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. On average, equities research analysts forecast that Newell Brands Inc will post 0.88 EPS for the current fiscal year.

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

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