Newell Brands Inc. (NASDAQ:NWL – Get Free Report) insider Bradford R. Turner sold 20,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $6.88, for a total transaction of $137,600.00. Following the sale, the insider now owns 152,363 shares of the company’s stock, valued at approximately $1,048,257.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Newell Brands Stock Up 2.7 %
Shares of NASDAQ NWL opened at $6.80 on Friday. The firm has a market capitalization of $2.82 billion, a PE ratio of -5.07 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 1.52. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $16.75. The firm’s 50-day moving average is $8.55 and its 200-day moving average is $9.28.
Newell Brands (NASDAQ:NWL – Get Free Report) last issued its earnings results on Friday, October 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.16. Newell Brands had a negative net margin of 6.61% and a positive return on equity of 9.12%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm earned $0.53 EPS. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. Equities analysts expect that Newell Brands Inc. will post 0.75 EPS for the current year.
Newell Brands Announces Dividend
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mariner LLC boosted its stake in Newell Brands by 3.3% during the 1st quarter. Mariner LLC now owns 16,544 shares of the company’s stock worth $355,000 after acquiring an additional 532 shares during the last quarter. Private Advisor Group LLC lifted its stake in 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 buying an additional 593 shares in the last quarter. Kinneret Advisory LLC lifted its stake in Newell Brands by 2.3% in the first quarter. Kinneret Advisory LLC now owns 33,080 shares of the company’s stock valued at $708,000 after buying an additional 739 shares in the last quarter. Yousif Capital Management LLC lifted its stake in Newell Brands by 1.3% in the first quarter. Yousif Capital Management LLC now owns 58,920 shares of the company’s stock valued at $1,261,000 after buying an additional 745 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in 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 buying an additional 808 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Newell Brands from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet cut shares of Newell Brands from a “c-” rating to a “d” rating in a research report on Friday, October 27th. JPMorgan Chase & Co. cut shares of Newell Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $11.00 to $7.00 in a research report on Monday. Barclays lowered their price objective on shares of Newell Brands from $9.00 to $6.00 and set an “underweight” rating for the company in a research report on Thursday, October 12th. Finally, Royal Bank of Canada lowered their price objective on shares of Newell Brands from $12.00 to $9.00 and set a “sector perform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.85.
Get Our Latest Stock Analysis on NWL
About Newell Brands
Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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