Investors Sell Newell Brands (NWL) on Strength (NWL)

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Traders sold shares of Newell Brands Inc (NYSE:NWL) on strength during trading on Tuesday. $18.02 million flowed into the stock on the tick-up and $72.22 million flowed out of the stock on the tick-down, for a money net flow of $54.20 million out of the stock. Of all stocks tracked, Newell Brands had the 0th highest net out-flow for the day. Newell Brands traded up $0.20 for the day and closed at $26.22

Several research analysts recently commented on NWL shares. Barclays reissued a “hold” rating and set a $29.00 target price on shares of Newell Brands in a research note on Sunday, May 13th. Citigroup reaffirmed a “buy” rating on shares of Newell Brands in a research report on Monday, March 5th. Vetr raised Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, March 19th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a research report on Monday, June 11th. Finally, Zacks Investment Research cut Newell Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.44.

The stock has a market cap of $12.74 billion, a PE ratio of 9.44, a PEG ratio of 1.62 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.72 and a quick ratio of 1.20.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, May 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Newell Brands had a return on equity of 10.05% and a net margin of 14.93%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. research analysts anticipate that Newell Brands Inc will post 2.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.54%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

Newell Brands announced that its Board of Directors has initiated a share repurchase plan on Monday, June 11th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to repurchase up to 19.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other news, Director James Craigie bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was purchased at an average cost of $26.67 per share, with a total value of $26,670.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Todman bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The stock was purchased at an average cost of $26.53 per share, with a total value of $106,120.00. The disclosure for this purchase can be found here. 0.97% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NWL. American International Group Inc. raised its stake in Newell Brands by 9.0% during the 4th quarter. American International Group Inc. now owns 218,669 shares of the company’s stock valued at $6,757,000 after acquiring an additional 18,091 shares during the last quarter. Assetmark Inc. raised its stake in Newell Brands by 191.2% during the 4th quarter. Assetmark Inc. now owns 11,128 shares of the company’s stock valued at $344,000 after acquiring an additional 7,307 shares during the last quarter. Amalgamated Bank raised its stake in Newell Brands by 11.1% during the 4th quarter. Amalgamated Bank now owns 61,379 shares of the company’s stock valued at $1,897,000 after acquiring an additional 6,135 shares during the last quarter. Investors Research Corp purchased a new stake in Newell Brands during the 4th quarter valued at approximately $671,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in Newell Brands during the 4th quarter valued at approximately $309,000. 96.73% of the stock is owned by hedge funds and other institutional investors.

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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