Dupont Capital Management Corp Reduces Position in Newell Brands Inc (NWL)
Dupont Capital Management Corp lessened its stake in shares of Newell Brands Inc (NYSE:NWL) by 98.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,846 shares of the company’s stock after selling 257,476 shares during the period. Dupont Capital Management Corp’s holdings in Newell Brands were worth $150,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in NWL. QS Investors LLC lifted its position in shares of Newell Brands by 1.1% during the 2nd quarter. QS Investors LLC now owns 6,040 shares of the company’s stock valued at $324,000 after acquiring an additional 68 shares during the period. Janus Henderson Group PLC lifted its position in shares of Newell Brands by 54.8% during the 2nd quarter. Janus Henderson Group PLC now owns 87,762 shares of the company’s stock valued at $4,706,000 after acquiring an additional 31,072 shares during the period. Scotia Capital Inc. lifted its position in shares of Newell Brands by 42.7% during the 2nd quarter. Scotia Capital Inc. now owns 13,969 shares of the company’s stock valued at $749,000 after acquiring an additional 4,179 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Newell Brands during the 2nd quarter valued at $202,000. Finally, Cetera Investment Advisers acquired a new position in shares of Newell Brands during the 2nd quarter valued at $263,000. Institutional investors own 93.11% of the company’s stock.
In other news, CEO Michael B. Polk bought 7,000 shares of Newell Brands stock in a transaction dated Monday, November 20th. The stock was purchased at an average price of $28.22 per share, for a total transaction of $197,540.00. Following the purchase, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company’s stock.
Newell Brands announced that its board has initiated a stock buyback program on Thursday, November 2nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of brokerages have commented on NWL. FIX restated a “hold” rating and set a $23.00 price target on shares of Newell Brands in a research note on Thursday. Deutsche Bank began coverage on shares of Newell Brands in a research note on Wednesday, December 13th. They set a “hold” rating and a $32.00 price target for the company. SunTrust Banks restated a “buy” rating and set a $35.00 price target on shares of Newell Brands in a research note on Tuesday, January 30th. ValuEngine lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada lowered shares of Newell Brands from a “top pick” rating to an “outperform” rating and decreased their price target for the company from $60.00 to $35.00 in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.06.
ILLEGAL ACTIVITY NOTICE: “Dupont Capital Management Corp Reduces Position in Newell Brands Inc (NWL)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/02/12/dupont-capital-management-corp-reduces-position-in-newell-brands-inc-nwl.html.
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.
Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc (NYSE:NWL).
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.