Stonebridge Capital Advisors LLC lifted its position in shares of Newell Brands Inc (NYSE:NWL) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,240 shares of the company’s stock after purchasing an additional 4,180 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Newell Brands were worth $821,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NWL. Coastal Investment Advisors Inc. lifted its position in Newell Brands by 218.2% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,909 shares of the company’s stock valued at $29,000 after acquiring an additional 1,309 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in Newell Brands in the 1st quarter valued at $31,000. Westside Investment Management Inc. bought a new stake in Newell Brands in the 2nd quarter valued at $30,000. LifePlan Financial Group Inc bought a new stake in Newell Brands in the 2nd quarter valued at $40,000. Finally, Altshuler Shaham Ltd bought a new stake in Newell Brands in the 2nd quarter valued at $165,000. 98.42% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on NWL shares. Deutsche Bank cut their price target on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Wells Fargo & Co reissued a “buy” rating on shares of Newell Brands in a research report on Wednesday, July 31st. Consumer Edge started coverage on shares of Newell Brands in a research report on Wednesday, July 3rd. They set a “hold” rating on the stock. Finally, Barclays reissued a “hold” rating on shares of Newell Brands in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.30.
NYSE:NWL traded down $0.03 on Tuesday, hitting $17.89. 2,178,609 shares of the company’s stock were exchanged, compared to its average volume of 5,865,621. The firm has a 50-day moving average price of $16.71 and a 200-day moving average price of $15.44. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands Inc has a 52 week low of $13.04 and a 52 week high of $24.57. The company has a market cap of $7.59 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm posted $0.82 EPS. On average, research analysts expect that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 5.14%. Newell Brands’s dividend payout ratio is presently 33.45%.
About Newell Brands
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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