Truvestments Capital LLC decreased its holdings in Newell Brands Inc (NYSE:NWL) by 40.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,508 shares of the company’s stock after selling 2,404 shares during the quarter. Truvestments Capital LLC’s holdings in Newell Brands were worth $66,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Coastal Investment Advisors Inc. increased its holdings in Newell Brands by 218.2% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,309 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Newell Brands in the second quarter worth $30,000. Phocas Financial Corp. acquired a new position in shares of Newell Brands in the second quarter worth $35,000. Lenox Wealth Advisors LLC acquired a new position in shares of Newell Brands in the third quarter worth $35,000. Finally, LifePlan Financial Group Inc acquired a new position in shares of Newell Brands in the second quarter worth $40,000. 98.42% of the stock is owned by institutional investors and hedge funds.
NYSE NWL traded up $0.23 during trading hours on Friday, hitting $19.08. 60,460 shares of the company were exchanged, compared to its average volume of 5,788,780. The company has a 50 day moving average of $17.60 and a two-hundred day moving average of $15.68. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. Newell Brands Inc has a 52-week low of $13.04 and a 52-week high of $24.57. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 3.82 and a beta of 0.90.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business earned $0.82 EPS. On average, equities research analysts predict that Newell Brands Inc will post 1.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.23 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.92 annualized dividend and a yield of 4.82%. Newell Brands’s payout ratio is currently 33.45%.
In other Newell Brands news, Director Michael Todman purchased 5,000 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $15.76 per share, for a total transaction of $78,800.00. Following the purchase, 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 SEC, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by insiders.
A number of research firms have recently weighed in on NWL. Barclays reaffirmed a “hold” rating on shares of Newell Brands in a research note on Wednesday, August 7th. SunTrust Banks raised shares of Newell Brands from a “hold” rating to a “buy” rating and raised their price objective for the company from $15.00 to $25.00 in a research note on Monday, September 30th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a research note on Wednesday, July 31st. Deutsche Bank reduced their price objective on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Finally, Morgan Stanley raised their price objective on shares of Newell Brands from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.10.
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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