Economy

Needle Moving Activity Spotted in Newell Brands Inc. (NYSE:NWL)

Needle Moving Activity Spotted in Newell Brands Inc. (NYSE:NWL)”

Newell Brands has a 12-month low of $43.43 and a 12-month high of $55.08.

The following firms have recently changed their position in NWL. The firm owned 13,566 shares of the company's stock after selling 3,216 shares during the quarter. LLC increased its stake in Newell Brands by 105.8% in the third quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. (NYSE:NWL) are -5.77%; -11.82% for the month; -15.59% for the last quarter; -7.6% for the past six-months; and -16.54% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Sit Investment Associates Inc. now owns 191,175 shares of the company's stock worth $10,251,000 after purchasing an additional 168,075 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in Newell Brands by 111.9% in the second quarter. Short shares increased 767,408 over that timeframe. As of the end of the quarter Ironbridge Capital Management Lp had disposed of 171,290 shares trimming its holdings by 34.2%. Aviva PLC now owns 301,805 shares of the company's stock valued at $16,186,000 after buying an additional 3,010 shares during the period. Israel Discount Bank of NY bought a new position in shares of Newell Brands during the 1st quarter valued at $112,000. CA raised its holdings in Newell Brands by 10.1% in the 1st quarter. Rosenblum Silverman Sutton S F Inc. LLC now owns 2,677 shares of the company's stock valued at $141,000 after buying an additional 1,376 shares during the period. Rr Partners Lp bought 295,200 shares as the company's stock declined 0.57% while stock markets rallied.

Several equities research analysts have weighed in on the stock. RBC Capital Markets maintained the shares of NWL in report on Thursday, June 8 with "Buy" rating. Royal Bank Of Canada reiterated a "top pick" rating and issued a $60.00 target price on shares of Newell Brands in a report on Tuesday, August 29th. Finally, BidaskClub downgraded Newell Brands from a "sell" rating to a "strong sell" rating in a report on Thursday, August 24th. A rating of 4 or 5 would represent a Sell recommendation. The firm now has a "buy" rating on the stock.

Cuts Stake in Newell Brands Inc. Aegis Financial Corp owns 799,805 shares or 5.8% of their United States portfolio. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & global copyright law.

Marsico Capital Management Llc increased Newell Brands Inc (NWL) stake by 66.15% reported in 2016Q4 SEC filing. Profund Advsr Ltd Liability Company stated it has 0.02% of its portfolio in Newell Brands Inc (NYSE:NWL). (NYSE:NWL) opened at 44.76 on Friday. Equities analysts expect Newell Brands to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 26.4%.

The Company's sales have grown at an average annualized rate of about 19.20% during the past five years. The company has market cap of $21.58 billion.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.86 by $0.01.

Average Revenue Estimate for the current quarter is $3.72 Billion, according to consensus forecast of 12 analysts. During the same quarter in the previous year, the firm earned $0.78 EPS. The business's quarterly revenue was up 165.0% compared to the same quarter past year.

Among 6 analysts covering Collegium Pharmaceutical Inc (NASDAQ:COLL), 6 have Buy rating, 0 Sell and 0 Hold. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.23 per share.

On Monday August 07, 2017, Jefferies & Co released a statement on Newell Rubbermaid Inc.

Newell Brands Inc. now has a P/E ratio of 17.88 and the market value is 21.94B.

Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company's segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. The Business's products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Rawlings, Oster, Sunbeam, FoodSaver, Mr.



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