Tyers Asset Management LLC Has $391,000 Position in Newell Brands Inc (NYSE:NWL)
Tyers Asset Management LLC lifted its stake in shares of Newell Brands Inc (NYSE:NWL) by 11.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,344 shares of the company’s stock after acquiring an additional 2,688 shares during the period. Tyers Asset Management LLC’s holdings in Newell Brands were worth $391,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Elkfork Partners LLC raised its holdings in Newell Brands by 11.9% during the second quarter. Elkfork Partners LLC now owns 34,848 shares of the company’s stock worth $537,000 after buying an additional 3,696 shares during the last quarter. Northern Trust Corp raised its holdings in Newell Brands by 2.8% during the second quarter. Northern Trust Corp now owns 4,681,251 shares of the company’s stock worth $72,185,000 after buying an additional 127,877 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Newell Brands by 399.0% during the second quarter. Canada Pension Plan Investment Board now owns 212,116 shares of the company’s stock worth $3,271,000 after buying an additional 169,606 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Newell Brands by 39.3% during the second quarter. Natixis Advisors L.P. now owns 45,945 shares of the company’s stock worth $709,000 after buying an additional 12,963 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in Newell Brands by 11.4% during the second quarter. Riverhead Capital Management LLC now owns 17,602 shares of the company’s stock worth $271,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 98.42% of the company’s stock.
Shares of NYSE NWL traded up $0.12 during trading on Friday, hitting $18.60. The stock had a trading volume of 97,829 shares, compared to its average volume of 5,924,742. Newell Brands Inc has a 12 month low of $13.04 and a 12 month high of $24.57. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. The company has a market capitalization of $7.83 billion, a PE ratio of 6.76, a PEG ratio of 3.82 and a beta of 0.90. The firm has a fifty day moving average of $15.90 and a two-hundred day moving average of $15.36.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.23 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 4.95%. Newell Brands’s payout ratio is 33.45%.
Several research analysts have weighed in on NWL shares. Deutsche Bank lowered their price objective on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Consumer Edge started coverage on shares of Newell Brands in a report on Wednesday, July 3rd. They set a “hold” rating on the stock. Barclays restated a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Newell Brands currently has a consensus rating of “Hold” and a consensus price target of $20.30.
In related news, Director Michael Todman purchased 5,000 shares of Newell Brands stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $15.76 per share, for a total transaction of $78,800.00. Following the completion of the transaction, the director now owns 72,184 shares in the company, valued at $1,137,619.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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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