Janus Henderson Group PLC Increases Position in Newell Brands Inc (NWL)

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Janus Henderson Group PLC boosted its position in shares of Newell Brands Inc (NYSE:NWL) by 74.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,404 shares of the company’s stock after buying an additional 101,458 shares during the period. Janus Henderson Group PLC’s holdings in Newell Brands were worth $3,658,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NWL. Headinvest LLC raised its position in Newell Brands by 78.2% during the fourth quarter. Headinvest LLC now owns 81,668 shares of the company’s stock valued at $1,518,000 after purchasing an additional 35,846 shares during the period. AdvisorNet Financial Inc raised its position in Newell Brands by 945.0% during the fourth quarter. AdvisorNet Financial Inc now owns 5,225 shares of the company’s stock valued at $97,000 after purchasing an additional 4,725 shares during the period. State of Tennessee Treasury Department raised its position in Newell Brands by 5.2% during the fourth quarter. State of Tennessee Treasury Department now owns 410,880 shares of the company’s stock valued at $7,638,000 after purchasing an additional 20,207 shares during the period. Manning & Napier Group LLC raised its position in Newell Brands by 3.7% during the fourth quarter. Manning & Napier Group LLC now owns 161,745 shares of the company’s stock valued at $3,006,000 after purchasing an additional 5,843 shares during the period. Finally, Gryphon Financial Partners LLC purchased a new stake in Newell Brands during the fourth quarter valued at approximately $229,000. 98.42% of the stock is owned by institutional investors.

Shares of NYSE NWL opened at $15.46 on Monday. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a 12-month low of $13.57 and a 12-month high of $28.00.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, May 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.08. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities research analysts expect that Newell Brands Inc will post 1.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.92 annualized dividend and a yield of 5.95%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

Several equities research analysts have recently weighed in on NWL shares. Jefferies Financial Group reduced their price target on Newell Brands to $15.00 and set a “hold” rating on the stock in a report on Tuesday, February 19th. Wells Fargo & Co increased their price target on Newell Brands from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Royal Bank of Canada reduced their price objective on Newell Brands from $24.00 to $20.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 19th. Zacks Investment Research downgraded Newell Brands from a “buy” rating to a “sell” rating in a report on Thursday, February 21st. Finally, Citigroup set a $24.00 price objective on Newell Brands and gave the stock a “buy” rating in a report on Wednesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.80.

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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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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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