Newell Brands Inc. (NWL) Shares Bought by Nicholas Company Inc.
Nicholas Company Inc. boosted its stake in Newell Brands Inc. (NYSE:NWL) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 711,948 shares of the company’s stock after buying an additional 50,198 shares during the period. Nicholas Company Inc. owned approximately 0.15% of Newell Brands worth $38,174,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of NWL. Harfst & Associates Inc. acquired a new position in Newell Brands in the 1st quarter valued at 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 grew its position 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 buying an additional 544 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Newell Brands during the first quarter worth about $156,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Shares of Newell Brands Inc. (NWL) traded up 0.196% during mid-day trading on Friday, hitting $43.355. The company had a trading volume of 2,562,872 shares. The firm’s 50 day moving average is $48.92 and its 200-day moving average is $50.17. Newell Brands Inc. has a 12-month low of $42.81 and a 12-month high of $55.08. The firm has a market cap of $21.25 billion, a PE ratio of 17.314 and a beta of 1.19.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. Newell Brands’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts expect that Newell Brands Inc. will post $3.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.12%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s dividend payout ratio is 36.95%.
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In other Newell Brands news, CEO Michael B. Polk acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $43.61 per share, with a total value of $218,050.00. Following the purchase, the chief executive officer now owns 609,296 shares of the company’s stock, valued at approximately $26,571,398.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott S. Cowen acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now directly owns 87,883 shares in the company, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 7,046 shares of company stock worth $307,669. Company insiders own 0.97% of the company’s stock.
NWL has been the subject of a number of analyst reports. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price objective (down previously from $66.00) on shares of Newell Brands in a research note on Monday, August 7th. BidaskClub upgraded Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of Newell Brands in a research note on Thursday, June 8th. Finally, J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the stock a “buy” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Newell Brands has a consensus rating of “Buy” and an average price target of $57.36.
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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