Redwood Investment Management LLC boosted its stake in shares of Newell Brands Inc (NYSE:NWL) by 107.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,559 shares of the company’s stock after acquiring an additional 42,204 shares during the quarter. Redwood Investment Management LLC’s holdings in Newell Brands were worth $1,251,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its holdings in Newell Brands by 7.9% in the third quarter. TIAA CREF Investment Management LLC now owns 1,596,926 shares of the company’s stock valued at $32,418,000 after buying an additional 117,363 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Newell Brands by 349.0% in the fourth quarter. Advisors Asset Management Inc. now owns 15,310 shares of the company’s stock valued at $285,000 after buying an additional 11,900 shares in the last quarter. Dupont Capital Management Corp increased its holdings in Newell Brands by 59.9% in the fourth quarter. Dupont Capital Management Corp now owns 8,704 shares of the company’s stock valued at $162,000 after buying an additional 3,262 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in Newell Brands in the fourth quarter valued at about $31,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Newell Brands by 5.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,119 shares of the company’s stock valued at $2,475,000 after buying an additional 7,319 shares in the last quarter. 98.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NWL opened at $14.30 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands Inc has a 1-year low of $13.04 and a 1-year high of $28.00. The company has a market cap of $6.13 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the company posted $0.34 EPS. The company’s revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.43%. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
NWL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Wells Fargo & Co increased their target price on shares of Newell Brands from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of Newell Brands in a report on Thursday, March 14th. Barclays set a $16.00 target price on shares of Newell Brands and gave the company a “hold” rating in a report on Tuesday, February 19th. Finally, Citigroup set a $24.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Newell Brands presently has an average rating of “Hold” and a consensus price target of $20.80.
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About Newell Brands
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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