Newell Brands Inc (NYSE:NWL) Director Michael Todman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $15.76 per share, for a total transaction of $78,800.00. Following the acquisition, the director now owns 72,184 shares of the company’s stock, valued at $1,137,619.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NWL traded up $0.06 during midday trading on Monday, reaching $15.90. 5,161,666 shares of the company were exchanged, compared to its average volume of 6,070,371. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98. Newell Brands Inc has a one year low of $13.04 and a one year high of $24.57. The stock has a market capitalization of $6.79 billion, a P/E ratio of 5.78, a PEG ratio of 3.82 and a beta of 0.90. The stock’s 50-day simple moving average is $15.09 and its 200 day simple moving average is $15.71.
Newell Brands (NYSE:NWL) last issued its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the business earned $0.82 earnings per share. On average, research analysts anticipate that Newell Brands Inc will post 1.22 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in NWL. Pzena Investment Management LLC lifted its holdings in shares of Newell Brands by 35.6% during the 1st quarter. Pzena Investment Management LLC now owns 24,817,839 shares of the company’s stock valued at $380,706,000 after purchasing an additional 6,513,500 shares in the last quarter. Nuveen Asset Management LLC raised its position in Newell Brands by 278.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,390,300 shares of the company’s stock valued at $98,539,000 after buying an additional 4,703,845 shares during the last quarter. BlackRock Inc. raised its position in Newell Brands by 8.3% in the 2nd quarter. BlackRock Inc. now owns 48,793,194 shares of the company’s stock valued at $752,391,000 after buying an additional 3,743,507 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Newell Brands by 150.9% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,101,790 shares of the company’s stock valued at $78,670,000 after buying an additional 3,068,565 shares during the last quarter. Finally, Invesco Ltd. raised its position in Newell Brands by 59.2% in the 2nd quarter. Invesco Ltd. now owns 5,582,044 shares of the company’s stock valued at $86,075,000 after buying an additional 2,074,771 shares during the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.
Several research firms recently issued reports on NWL. Zacks Investment Research upgraded Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Consumer Edge initiated coverage on Newell Brands in a report on Wednesday, July 3rd. They set a “hold” rating on the stock. Deutsche Bank reduced 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. Barclays restated a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.30.
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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