Dana Investment Advisors Inc. Has $606,000 Holdings in Newell Brands Inc. (NWL)
Dana Investment Advisors Inc. decreased its holdings in Newell Brands Inc. (NYSE:NWL) by 93.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,202 shares of the company’s stock after selling 210,540 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Newell Brands were worth $606,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. BDO Wealth Advisors LLC acquired a new stake in Newell Brands in the 2nd quarter worth about $107,000. Parkside Investments LLC acquired a new stake in Newell Brands in the 3rd quarter worth about $107,000. Harfst & Associates Inc. raised its stake in Newell Brands by 14.4% in the 2nd quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after purchasing an additional 315 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in Newell Brands in the 2nd quarter worth about $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Newell Brands by 52.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after purchasing an additional 1,088 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.
NWL has been the subject of several analyst reports. KeyCorp set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. Forward View reissued a “buy” rating and issued a $58.00 target price on shares of Newell Brands in a report on Monday, September 11th. Jefferies Group decreased their target price on shares of Newell Brands from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. They noted that the move was a valuation call. Citigroup decreased their target price on shares of Newell Brands from $63.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Barclays reissued a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Newell Brands has a consensus rating of “Hold” and an average target price of $46.73.
Newell Brands Inc. (NYSE NWL) traded down $0.92 during mid-day trading on Friday, reaching $30.48. 6,530,200 shares of the company’s stock traded hands, compared to its average volume of 4,792,153. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. Newell Brands Inc. has a 52-week low of $27.45 and a 52-week high of $55.08. The company has a market cap of $15,389.14, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.27 and a beta of 1.10.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. equities research analysts forecast that Newell Brands Inc. will post 2.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Wednesday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently 35.52%.
Newell Brands announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 26th that authorizes the company to buyback $256.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, CEO Michael B. Polk purchased 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $28.22 per share, with a total value of $197,540.00. Following the acquisition, the chief executive officer now owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.
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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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