Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Newell Brands Inc. (NYSE:NWL) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,891 shares of the company’s stock after acquiring an additional 107 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Newell Brands were worth $1,924,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in NWL. Harfst & Associates Inc. acquired a new position in shares of Newell Brands during the first quarter worth about $103,000. BDO Wealth Advisors LLC acquired a new position in shares of Newell Brands during the second quarter worth about $107,000. Israel Discount Bank of New York acquired a new position in shares of Newell Brands during the first quarter worth about $112,000. Parallel Advisors LLC increased its stake in shares of Newell Brands by 23.0% during the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after acquiring an additional 544 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Newell Brands during the first quarter worth about $156,000. 92.43% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Michael B. Polk bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $43.61 per share, with a total value of $218,050.00. Following the completion of the transaction, the chief executive officer now directly owns 609,296 shares in the company, valued at approximately $26,571,398.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott S. Cowen bought 2,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the completion of the transaction, the director now owns 87,883 shares of the company’s stock, valued at $3,831,698.80. The disclosure for this purchase can be found here. Insiders bought a total of 7,046 shares of company stock worth $307,669 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.
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Newell Brands Inc. (NWL) traded down 0.32% during mid-day trading on Friday, hitting $43.13. 3,373,240 shares of the stock traded hands. The firm has a market cap of $21.14 billion, a PE ratio of 17.22 and a beta of 1.19. Newell Brands Inc. has a 12-month low of $42.81 and a 12-month high of $55.08. The stock has a 50 day moving average price of $48.92 and a 200 day moving average price of $50.17.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. On average, analysts expect that Newell Brands Inc. will post $3.00 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.23 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.12%. Newell Brands’s dividend payout ratio is currently 36.95%.
A number of research analysts have recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price target (up from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Saturday, July 1st. BidaskClub upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $60.00 target price on shares of Newell Brands in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $57.36.
Newell Brands 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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