William Blair Investment Management LLC decreased its stake in shares of Newell Brands Inc (NYSE:NWL) by 34.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,475,744 shares of the company’s stock after selling 763,621 shares during the period. William Blair Investment Management LLC owned approximately 0.30% of Newell Brands worth $45,600,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of Newell Brands by 188.2% during the fourth quarter. State of Alaska Department of Revenue now owns 57,414 shares of the company’s stock worth $1,773,000 after acquiring an additional 37,490 shares in the last quarter. Skylands Capital LLC increased its position in shares of Newell Brands by 165.3% during the fourth quarter. Skylands Capital LLC now owns 11,395 shares of the company’s stock worth $352,000 after acquiring an additional 7,100 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Newell Brands by 207.5% during the fourth quarter. CIBC World Markets Inc. now owns 52,463 shares of the company’s stock worth $1,621,000 after acquiring an additional 35,400 shares in the last quarter. Boston Partners bought a new stake in shares of Newell Brands during the fourth quarter worth $3,355,000. Finally, Strs Ohio increased its position in shares of Newell Brands by 1,297.8% during the fourth quarter. Strs Ohio now owns 216,991 shares of the company’s stock worth $6,705,000 after acquiring an additional 201,467 shares in the last quarter. 92.73% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Vetr raised shares of Newell Brands from a “buy” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Monday. Barclays set a $28.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a report on Thursday, March 15th. Citigroup restated a “buy” rating on shares of Newell Brands in a report on Monday, March 5th. JPMorgan Chase & Co. set a $28.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a report on Monday, March 19th. Finally, Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Newell Brands presently has a consensus rating of “Hold” and an average price target of $34.72.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. equities research analysts expect that Newell Brands Inc will post 2.68 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, February 27th. Newell Brands’s dividend payout ratio is currently 16.34%.
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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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