First Trust Advisors LP lifted its position in shares of Newell Brands Inc (NYSE:NWL) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,234,904 shares of the company’s stock after acquiring an additional 56,263 shares during the quarter. First Trust Advisors LP’s holdings in Newell Brands were worth $25,069,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of Newell Brands during the 3rd quarter worth about $108,000. Northwest Wealth Management LLC raised its position in shares of Newell Brands by 5,180.7% during the 2nd quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock worth $113,000 after purchasing an additional 4,300 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Newell Brands by 277.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 5,948 shares of the company’s stock worth $121,000 after purchasing an additional 4,373 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Newell Brands during the 2nd quarter worth about $146,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Newell Brands during the 2nd quarter worth about $149,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.
NWL has been the subject of several research analyst reports. Deutsche Bank reduced their price target on shares of Newell Brands to $23.00 and set a “hold” rating for the company in a research report on Tuesday, August 7th. BMO Capital Markets reduced their price target on shares of Newell Brands from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Monday. Citigroup reduced their price target on shares of Newell Brands from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Bank of America reduced their price target on shares of Newell Brands from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, August 7th. Finally, ValuEngine upgraded shares of Newell Brands from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Thirteen research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.87.
NWL stock opened at $19.97 on Tuesday. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.87 and a quick ratio of 2.44. Newell Brands Inc has a 12 month low of $15.11 and a 12 month high of $32.58.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, November 2nd. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.55. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.34 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.51%. Newell Brands’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. On average, sell-side analysts expect that Newell Brands Inc will post 2.65 earnings per share for the current year.
In other Newell Brands news, Director James Craigie acquired 11,500 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was bought at an average price of $21.33 per share, for a total transaction of $245,295.00. Following the acquisition, the director now owns 14,081 shares in the company, valued at $300,347.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael B. Polk acquired 10,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was acquired 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 in the company, valued at approximately $19,432,449.13. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by corporate insiders.
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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