Dupont Capital Management Corp raised its holdings in shares of Newell Brands Inc (NYSE:NWL) by 123.4% in the second quarter, Holdings Channel.com reports. The firm owned 34,531 shares of the company’s stock after purchasing an additional 19,074 shares during the period. Dupont Capital Management Corp’s holdings in Newell Brands were worth $548,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in NWL. First Mercantile Trust Co. bought a new stake in shares of Newell Brands during the first quarter valued at approximately $25,000. TFG Advisers LLC bought a new stake in shares of Newell Brands during the fourth quarter valued at approximately $26,000. WASHINGTON TRUST Co bought a new stake in shares of Newell Brands during the first quarter valued at approximately $27,000. TRUE Private Wealth Advisors increased its position in shares of Newell Brands by 47.1% during the first quarter. TRUE Private Wealth Advisors now owns 2,500 shares of the company’s stock valued at $33,000 after acquiring an additional 800 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in shares of Newell Brands during the first quarter valued at approximately $40,000. 98.42% of the stock is owned by institutional investors.
NWL opened at $16.40 on Friday. 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 fifty-two week low of $10.44 and a fifty-two week high of $20.99. The firm’s fifty day moving average is $15.98 and its 200 day moving average is $15.48. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 5.96, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90.
Several equities research analysts recently weighed in on the stock. Cfra reissued a “sell” rating and set a $10.00 price target (down previously from $21.00) on shares of Newell Brands in a research report on Friday, May 1st. Deutsche Bank lifted their target price on shares of Newell Brands from $13.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on shares of Newell Brands from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Oppenheimer assumed coverage on shares of Newell Brands in a research report on Friday, May 1st. They issued a “hold” rating for the company. Finally, TheStreet downgraded shares of Newell Brands from a “c-” rating to a “d” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.88.
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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