Signaturefd LLC boosted its position in Newell Brands Inc (NYSE:NWL) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,320 shares of the company’s stock after acquiring an additional 1,238 shares during the period. Signaturefd LLC’s holdings in Newell Brands were worth $252,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Intact Investment Management Inc. purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $2,176,000. Dupont Capital Management Corp increased its position in shares of Newell Brands by 40.6% during the second quarter. Dupont Capital Management Corp now owns 20,370 shares of the company’s stock valued at $314,000 after acquiring an additional 5,878 shares during the last quarter. First Trust Advisors LP increased its position in shares of Newell Brands by 11.2% during the second quarter. First Trust Advisors LP now owns 327,968 shares of the company’s stock valued at $5,057,000 after acquiring an additional 33,109 shares during the last quarter. Santori & Peters Inc. purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $361,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Newell Brands by 14.2% during the second quarter. Janney Montgomery Scott LLC now owns 157,280 shares of the company’s stock valued at $2,425,000 after acquiring an additional 19,543 shares during the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.
Shares of NYSE NWL opened at $15.74 on Thursday. The firm’s fifty day moving average price is $15.03. Newell Brands Inc has a 1-year low of $13.04 and a 1-year high of $24.57. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter, beating the 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 business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company earned $0.82 earnings per share. On average, equities research analysts anticipate that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, August 29th. Newell Brands’s payout ratio is currently 33.45%.
Several brokerages have weighed in on NWL. Zacks Investment Research raised Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Wells Fargo & Co reissued a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Barclays reissued a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Consumer Edge began coverage on Newell Brands in a report on Wednesday, July 3rd. They set a “hold” rating for the company. Finally, Deutsche Bank reduced their price objective on Newell Brands from $18.00 to $16.00 and set a “hold” rating for the company in a report on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Newell Brands currently has a consensus rating of “Hold” and an average target price of $20.30.
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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