Investors purchased shares of Newell Brands Inc. (NYSE:NWL) on weakness during trading on Friday. $41.33 million flowed into the stock on the tick-up and $21.52 million flowed out of the stock on the tick-down, for a money net flow of $19.81 million into the stock. Of all stocks tracked, Newell Brands had the 29th highest net in-flow for the day. Newell Brands traded down ($0.49) for the day and closed at $49.66
NWL has been the subject of a number of research reports. Wells Fargo & Company cut shares of Newell Brands from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research report on Monday, May 1st. Zacks Investment Research cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and set a $66.00 target price (up previously from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. BidaskClub cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada restated a “top pick” rating and set a $60.00 target price on shares of Newell Brands in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $58.07.
The stock has a 50 day moving average of $52.35 and a 200-day moving average of $50.15. The firm has a market capitalization of $24.34 billion, a P/E ratio of 19.83 and a beta of 1.17.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. Analysts predict that Newell Brands Inc. will post $3.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s payout ratio is presently 36.95%.
Institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors raised its position in shares of Newell Brands by 22.2% in the first quarter. Nationwide Fund Advisors now owns 460,627 shares of the company’s stock valued at $21,728,000 after buying an additional 83,726 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Newell Brands by 25.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 29,400 shares of the company’s stock valued at $1,387,000 after buying an additional 5,876 shares during the period. Abner Herrman & Brock LLC increased its position in shares of Newell Brands by 12.1% in the first quarter. Abner Herrman & Brock LLC now owns 133,608 shares of the company’s stock valued at $6,302,000 after buying an additional 14,466 shares during the period. Retirement Systems of Alabama increased its position in shares of Newell Brands by 0.9% in the first quarter. Retirement Systems of Alabama now owns 507,186 shares of the company’s stock valued at $23,924,000 after buying an additional 4,540 shares during the period. Finally, Hermes Investment Management Ltd. increased its position in shares of Newell Brands by 2.2% in the first quarter. Hermes Investment Management Ltd. now owns 578,518 shares of the company’s stock valued at $27,289,000 after buying an additional 12,525 shares during the period. 94.87% of the stock is currently owned by hedge funds and other institutional investors.
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Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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