Adirondack Research & Management Inc. Has $915,000 Holdings in Newell Brands Inc. (NWL)
Adirondack Research & Management Inc. raised its position in Newell Brands Inc. (NYSE:NWL) by 80.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,450 shares of the company’s stock after purchasing an additional 9,557 shares during the quarter. Adirondack Research & Management Inc.’s holdings in Newell Brands were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Newell Brands in the third quarter valued at approximately $517,000. Cipher Capital LP bought a new position in shares of Newell Brands in the third quarter valued at approximately $8,031,000. Macquarie Group Ltd. boosted its holdings in shares of Newell Brands by 2.6% in the third quarter. Macquarie Group Ltd. now owns 368,620 shares of the company’s stock valued at $15,729,000 after acquiring an additional 9,394 shares in the last quarter. Banque Pictet & Cie SA boosted its holdings in shares of Newell Brands by 6.9% in the third quarter. Banque Pictet & Cie SA now owns 441,339 shares of the company’s stock valued at $18,832,000 after acquiring an additional 28,520 shares in the last quarter. Finally, Novare Capital Management LLC boosted its holdings in shares of Newell Brands by 11.9% in the third quarter. Novare Capital Management LLC now owns 136,805 shares of the company’s stock valued at $5,837,000 after acquiring an additional 14,585 shares in the last quarter. Institutional investors own 91.42% of the company’s stock.
Several research analysts have recently issued reports on NWL shares. BidaskClub cut shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BMO Capital Markets set a $51.00 price objective on shares of Newell Brands and gave the company a “hold” rating in a report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price objective (down from $66.00) on shares of Newell Brands in a report on Monday, August 7th. Finally, J P Morgan Chase & Co set a $61.00 price objective on shares of Newell Brands and gave the company a “buy” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Newell Brands currently has an average rating of “Hold” and a consensus target price of $49.57.
In related news, Director Scott S. Cowen bought 2,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was bought at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the transaction, the director now directly owns 87,883 shares in the company, valued at $3,831,698.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael B. Polk bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $43.61 per share, with a total value of $218,050.00. Following the transaction, the chief executive officer now owns 609,296 shares in the company, valued at $26,571,398.56. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 7,100 shares of company stock valued at $309,715. 0.97% of the stock is owned by insiders.
Shares of Newell Brands Inc. (NYSE:NWL) traded up $0.38 during trading hours on Friday, reaching $28.56. 5,642,086 shares of the company were exchanged, compared to its average volume of 9,830,538. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $13,997.26, a PE ratio of 9.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. Newell Brands Inc. has a 1 year low of $27.45 and a 1 year high of $55.08.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. research analysts predict that Newell Brands Inc. will post 2.81 earnings per share for the current fiscal year.
Newell Brands announced that its board has initiated a share repurchase program on Tuesday, September 26th that authorizes the company to repurchase $256.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.23 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 3.22%. Newell Brands’s dividend payout ratio (DPR) is presently 35.52%.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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