Newell Brands Inc. (NWL) Reaches New 12-Month Low at $42.51

Newell Brands Inc. (NYSE:NWL) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $42.51 and last traded at $42.53, with a volume of 2,354,474 shares trading hands. The stock had previously closed at $42.99.

A number of brokerages have commented on NWL. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Jefferies Group LLC cut shares of Newell Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $63.00 to $49.00 in a research report on Monday, September 11th. Royal Bank Of Canada reiterated a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a research report on Tuesday, August 29th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating and set a $50.00 price target on shares of Newell Brands in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $57.36.

Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. Newell Brands’s quarterly revenue was up 5.1% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.92 annualized dividend and a yield of 2.17%. Newell Brands’s payout ratio is presently 36.95%.

In related news, Director Scott S. Cowen purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the acquisition, the director now owns 87,883 shares of the company’s stock, valued at approximately $3,831,698.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael B. Polk purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average price of $43.61 per share, for a total transaction of $218,050.00. Following the acquisition, the chief executive officer now directly owns 609,296 shares in the company, valued at approximately $26,571,398.56. The disclosure for this purchase can be found here. Corporate insiders own 0.97% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NWL. BlackRock Inc. raised its holdings in Newell Brands by 3,249.0% during the 1st quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock valued at $1,413,905,000 after buying an additional 29,079,686 shares during the period. Bank of New York Mellon Corp raised its holdings in Newell Brands by 112.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock valued at $742,686,000 after buying an additional 7,331,309 shares during the period. Jennison Associates LLC purchased a new stake in Newell Brands during the 2nd quarter valued at $124,839,000. Ameriprise Financial Inc. raised its holdings in Newell Brands by 28.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,796,439 shares of the company’s stock valued at $417,953,000 after buying an additional 1,709,917 shares during the period. Finally, Sentry Investments Corp. raised its holdings in Newell Brands by 75.7% during the 1st quarter. Sentry Investments Corp. now owns 3,712,271 shares of the company’s stock valued at $175,108,000 after buying an additional 1,599,100 shares during the period. Institutional investors own 92.36% of the company’s stock.

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Newell Brands Company Profile

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

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