Newell Brands Inc. (NWL) Shares Bought by Skylands Capital LLC
Skylands Capital LLC increased its holdings in shares of Newell Brands Inc. (NYSE:NWL) by 165.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,395 shares of the company’s stock after purchasing an additional 7,100 shares during the period. Skylands Capital LLC’s holdings in Newell Brands were worth $352,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in NWL. Parkside Investments LLC purchased a new position in Newell Brands during the 3rd quarter worth $107,000. Harfst & Associates Inc. grew its stake in Newell Brands by 14.4% during the 2nd quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after buying an additional 315 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in Newell Brands during the 2nd quarter worth $143,000. Northwestern Mutual Wealth Management Co. grew its stake in Newell Brands by 52.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after buying an additional 1,088 shares during the last quarter. Finally, Sun Life Financial INC grew its stake in Newell Brands by 29,358.3% during the 2nd quarter. Sun Life Financial INC now owns 3,535 shares of the company’s stock worth $190,000 after buying an additional 3,523 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets lowered their price target on Newell Brands from $45.00 to $32.00 and set a “market perform” rating for the company in a research report on Tuesday, November 7th. Oppenheimer reaffirmed a “hold” rating and set a $42.00 price target on shares of Newell Brands in a research report on Tuesday, October 31st. ValuEngine cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, JPMorgan Chase & Co. lowered their price target on Newell Brands from $58.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.20.
Newell Brands Inc. (NYSE NWL) opened at $31.78 on Thursday. The stock has a market capitalization of $15,580.00, a PE ratio of 12.27, a PEG ratio of 1.21 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80. Newell Brands Inc. has a fifty-two week low of $27.45 and a fifty-two week high of $55.08.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. sell-side analysts expect that Newell Brands Inc. will post 2.81 earnings per share for the current year.
Newell Brands declared that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In related news, CEO Michael B. Polk acquired 7,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $28.22 per share, with a total value of $197,540.00. Following the acquisition, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.97% of the company’s stock.
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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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