Quilter Investors LTD Trims Stock Holdings in Newell Brands Inc (NYSE:NWL)

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Quilter Investors LTD reduced its stake in Newell Brands Inc (NYSE:NWL) by 52.6% during the 2nd quarter, Holdings Channel reports. The fund owned 102,604 shares of the company’s stock after selling 114,019 shares during the period. Newell Brands comprises about 1.5% of Quilter Investors LTD’s portfolio, making the stock its 22nd biggest position. Quilter Investors LTD’s holdings in Newell Brands were worth $1,582,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. S&CO Inc. increased its stake in Newell Brands by 14.3% during the first quarter. S&CO Inc. now owns 32,000 shares of the company’s stock worth $491,000 after acquiring an additional 4,000 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Newell Brands by 8.9% during the 1st quarter. Sigma Planning Corp now owns 13,367 shares of the company’s stock worth $205,000 after acquiring an additional 1,095 shares in the last quarter. Crawford Investment Counsel Inc. bought a new stake in shares of Newell Brands during the 1st quarter worth $210,000. First Midwest Bank Trust Division boosted its position in shares of Newell Brands by 46.6% in the first quarter. First Midwest Bank Trust Division now owns 412,435 shares of the company’s stock worth $6,327,000 after buying an additional 131,106 shares during the period. Finally, Moors & Cabot Inc. boosted its position in Newell Brands by 10.9% during the first quarter. Moors & Cabot Inc. now owns 52,010 shares of the company’s stock valued at $798,000 after purchasing an additional 5,109 shares during the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.

Several research firms have weighed in on NWL. Deutsche Bank cut their target price on Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Zacks Investment Research upgraded Newell Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a research note on Wednesday, July 31st. Barclays reiterated a “hold” rating on shares of Newell Brands in a research note on Wednesday, August 7th. Finally, Consumer Edge initiated coverage on Newell Brands in a research note on Wednesday, July 3rd. They issued a “hold” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.30.

Shares of Newell Brands stock traded up $0.11 during trading on Friday, reaching $15.84. The company’s stock had a trading volume of 3,198,900 shares, compared to its average volume of 6,076,122. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98. The business’s fifty day moving average price is $15.06 and its 200-day moving average price is $15.71. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a one year low of $13.04 and a one year high of $24.57.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the business earned $0.82 earnings per share. Sell-side analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Thursday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

Newell Brands Company 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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