Clearbridge Investments LLC raised its position in Newell Brands Inc. (NYSE:NWL) by 20.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,961 shares of the company’s stock after buying an additional 831 shares during the period. Clearbridge Investments LLC’s holdings in Newell Brands were worth $234,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Harfst & Associates Inc. purchased a new stake in Newell Brands during the first quarter worth approximately $103,000. Israel Discount Bank of New York purchased a new stake in Newell Brands during the first quarter worth approximately $112,000. Parallel Advisors LLC raised its stake in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Newell Brands during the first quarter worth approximately $156,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in Newell Brands during the first quarter worth approximately $186,000. Hedge funds and other institutional investors own 94.42% of the company’s stock.
Newell Brands Inc. (NWL) opened at 50.76 on Wednesday. The company has a market cap of $24.52 billion, a PE ratio of 21.54 and a beta of 1.17. Newell Brands Inc. has a 1-year low of $43.43 and a 1-year high of $55.45. The firm’s 50-day moving average is $53.09 and its 200 day moving average is $49.90.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company earned $0.78 EPS. Newell Brands’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts predict that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.
NWL has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Saturday, July 1st. UBS AG set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a report on Tuesday, May 9th. Jefferies Group LLC upped their price objective on shares of Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $58.07.
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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