Axa S.A. lowered its stake in shares of Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 65.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,373 shares of the company’s stock after selling 388,288 shares during the period. Axa S.A.’s holdings in Newell Brands were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in NWL. Fairfield Bush & CO. purchased a new stake in Newell Brands during the first quarter worth about $26,000. HighTower Advisors LLC lifted its holdings in shares of Newell Brands by 4.5% in the first quarter. HighTower Advisors LLC now owns 18,847 shares of the company’s stock valued at $401,000 after purchasing an additional 808 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Newell Brands by 5.0% in the first quarter. Private Advisor Group LLC now owns 12,567 shares of the company’s stock valued at $269,000 after purchasing an additional 593 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Newell Brands by 23.2% in the first quarter. MetLife Investment Management LLC now owns 103,044 shares of the company’s stock valued at $2,206,000 after purchasing an additional 19,395 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Newell Brands by 57.9% in the first quarter. Panagora Asset Management Inc. now owns 78,161 shares of the company’s stock valued at $1,673,000 after purchasing an additional 28,656 shares in the last quarter. Hedge funds and other institutional investors own 92.31% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Newell Brands from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, January 13th. Truist Financial reduced their price objective on shares of Newell Brands from $35.00 to $20.00 in a research note on Friday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Newell Brands from $15.00 to $17.00 in a research note on Monday, January 30th. Morgan Stanley reduced their price objective on shares of Newell Brands from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, February 13th. Finally, Barclays reduced their price objective on shares of Newell Brands from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Newell Brands has a consensus rating of “Hold” and an average target price of $17.55.
Insider Transactions at Newell Brands
Newell Brands Stock Performance
Shares of NWL stock opened at $14.55 on Monday. Newell Brands Inc. has a one year low of $12.24 and a one year high of $24.70. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 1.32. The company has a 50 day moving average price of $14.63 and a 200 day moving average price of $14.53. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 28.53 and a beta of 0.93.
Newell Brands (NASDAQ:NWL – Get Rating) last released its quarterly earnings data on Friday, February 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. Newell Brands had a net margin of 2.33% and a return on equity of 17.76%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The business’s quarterly revenue was down 18.5% compared to the same quarter last year. Sell-side analysts anticipate that Newell Brands Inc. will post 1.04 EPS for the current year.
Newell Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Monday, February 27th. Newell Brands’s payout ratio is currently 180.40%.
Newell Brands Company Profile
Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment includes commercial cleaning and maintenance solutions, closet and garage organization, hygiene systems and material handling solutions, connected home and security, and smoke and carbon monoxide alarms.
Featured Stories
- Get a free copy of the StockNews.com research report on Newell Brands (NWL)
- MarketBeat Week in Review – 2/20 – 2/24
- Carvana Skidding On Revenue Decrease, Heavy Debt Burden
- What Are Consumer Staples Stocks?
- Is Rocky Brands Dividend A Good Fit For Your Portfolio?
- Beyond Meat Stock Is Not Beyond Hope
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.
