Rothschild Investment Corp IL raised its holdings in Newell Brands Inc (NYSE:NWL) by 29.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,909 shares of the company’s stock after purchasing an additional 15,229 shares during the quarter. Rothschild Investment Corp IL’s holdings in Newell Brands were worth $1,358,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Northwest Wealth Management LLC boosted its holdings in shares of Newell Brands by 5,180.7% in the 2nd quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock valued at $113,000 after purchasing an additional 4,300 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Newell Brands in the 2nd quarter valued at $146,000. Qube Research & Technologies Ltd acquired a new stake in shares of Newell Brands in the 2nd quarter valued at $149,000. BlueMountain Capital Management LLC acquired a new stake in shares of Newell Brands in the 2nd quarter valued at $151,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Newell Brands in the 2nd quarter valued at $266,000. 97.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on NWL. Zacks Investment Research raised Newell Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. Bank of America raised their target price on Newell Brands from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 16th. Citigroup cut their price objective on Newell Brands from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. BMO Capital Markets cut their price objective on Newell Brands from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, August 8th. Finally, Deutsche Bank cut their price objective on Newell Brands to $23.00 and set a “hold” rating on the stock in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Newell Brands has a consensus rating of “Hold” and a consensus target price of $28.82.

In related news, Director James Craigie bought 11,500 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were purchased at an average cost of $21.33 per share, with a total value of $245,295.00. Following the acquisition, the director now owns 14,081 shares of the company’s stock, valued at $300,347.73. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael B. Polk bought 10,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were bought at an average cost of $20.63 per share, for a total transaction of $206,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 941,951 shares in the company, valued at approximately $19,432,449.13. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by insiders.

Shares of NYSE NWL traded down $0.25 during mid-day trading on Wednesday, hitting $17.75. 583,148 shares of the stock traded hands, compared to its average volume of 8,304,987. The company has a quick ratio of 2.74, a current ratio of 3.17 and a debt-to-equity ratio of 0.66. Newell Brands Inc has a twelve month low of $17.07 and a twelve month high of $42.52. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 4.72 and a beta of 0.60.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Monday, August 6th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $3.83 billion. Newell Brands had a return on equity of 9.58% and a net margin of 16.39%. Newell Brands’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. On average, research analysts anticipate that Newell Brands Inc will post 0.88 earnings per share for the current fiscal year.

About Newell Brands

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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