Newell Brands Inc. (NASDAQ:NWL) Shareholding Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in Newell Brands Inc. (NASDAQ:NWL – Free Report) by 15.3% during the first quarter, Holdings Channel reports. The fund owned 77,221 shares of the company after purchasing an additional 10,240 shares during the period. Janney Montgomery Scott LLC’s holdings in Newell Brands were worth $620,000, according to its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their holdings in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Newell Brands during the first quarter worth $301,000. Mesirow Financial Investment Management Inc. acquired a new position in Newell Brands during the first quarter worth approximately $281,000. Verity & Verity LLC acquired a new position in Newell Brands during the first quarter worth approximately $233,000. Bell Bank increased its holdings in Newell Brands by 14.0% during the first quarter. Bell Bank now owns 683,807 shares of the company’s stock worth $5,491,000 after acquiring an additional 84,004 shares during the period. Finally, New Mexico Educational Retirement Board acquired a new position in Newell Brands during the first quarter worth approximately $177,000. Institutional investors own 92.50% of the company’s shares.

Newell Brands shares down 1.8%

Shares of Newell Brands opened at $6.41 on Friday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -8.90, a forward price-to-earnings ratio of 1.21 and a beta of 0.89. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.61. The stock has a 50-day simple moving average of $7.06 and a 200-day simple moving average of $7.54.

Newell Brands (NASDAQ:NWL – Get Free Report) last announced its quarterly results on Friday, April 26. The company reported ($0.07) earnings per share (EPS) for the quarter, matching the consensus estimate of ($0.07). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company’s revenue was down 5.8% year-over-year. During the same period last year, the company earned ($0.06) EPS. On average, equities research analysts expect Newell Brands Inc. to post 0.6 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.07. This represents an annualized dividend of $0.28 and a dividend yield of 4.37%. The ex-dividend date was Friday, May 31st. Newell Brands’ payout ratio is -38.89%.

Analysts set new price targets

NWL has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Newell Brands from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Citigroup lowered their price target on Newell Brands from $8.00 to $6.25 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Canaccord Genuity Group increased their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Barclays raised Newell Brands from an “underweight” rating to an “equal weight” rating and set a price target of $8.00 on the company in a research report on Tuesday, May 14th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.36.

Check out our latest stock report on NWL

About Newell Brands

(Free Report)

Newell Brands Inc. is engaged in the design, manufacture, procurement and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions under the Rubbermaid, Rubbermaid Commercial Products, Mapa and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; and household products, such as kitchen appliances under the Crockpot, Mr.

Also see

Would you like to know which other hedge funds have NWL in their portfolio? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Newell Brands Inc. (NASDAQ:NWL – Free Report).

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