QUANTRES ASSET MANAGEMENT Ltd Takes $769,000 Position in Newell Brands Inc (NWL)

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QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Newell Brands Inc (NYSE:NWL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,900 shares of the company’s stock, valued at approximately $769,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWL. Wetherby Asset Management Inc. raised its stake in shares of Newell Brands by 20.3% in the second quarter. Wetherby Asset Management Inc. now owns 11,486 shares of the company’s stock valued at $296,000 after acquiring an additional 1,941 shares in the last quarter. Berson & Corrado Investment Advisors LLC raised its stake in shares of Newell Brands by 16.9% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 15,565 shares of the company’s stock valued at $401,000 after acquiring an additional 2,246 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Newell Brands by 9.4% in the second quarter. LS Investment Advisors LLC now owns 27,528 shares of the company’s stock valued at $710,000 after acquiring an additional 2,355 shares in the last quarter. Bank of The West raised its stake in shares of Newell Brands by 28.0% in the second quarter. Bank of The West now owns 11,257 shares of the company’s stock valued at $290,000 after acquiring an additional 2,461 shares in the last quarter. Finally, Bank of Hawaii raised its stake in shares of Newell Brands by 24.5% in the second quarter. Bank of Hawaii now owns 12,940 shares of the company’s stock valued at $334,000 after acquiring an additional 2,550 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

In related news, CEO Michael B. Polk purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average price of $20.63 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Craigie purchased 11,500 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were bought at an average cost of $21.33 per share, for a total transaction 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 disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.

Several brokerages have recently issued reports on NWL. Bank of America increased their price objective on Newell Brands from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. Zacks Investment Research cut Newell Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Deutsche Bank cut their price target on Newell Brands to $23.00 and set a “hold” rating on the stock in a research note on Tuesday, August 7th. Citigroup cut their price target on Newell Brands from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, August 24th. Finally, Jefferies Financial Group cut their price target on Newell Brands from $29.00 to $23.00 and set a “hold” rating on the stock in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.82.

NWL opened at $15.40 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.74 and a current ratio of 3.17. Newell Brands Inc has a one year low of $15.11 and a one year high of $41.31. The stock has a market cap of $7.39 billion, a PE ratio of 5.60, a PEG ratio of 3.66 and a beta of 0.60.

Newell Brands (NYSE:NWL) last posted its earnings results on Monday, August 6th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. Newell Brands had a return on equity of 9.58% and a net margin of 16.39%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was down 12.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Newell Brands Inc will post 0.88 EPS for the current year.

Newell Brands Profile

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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