Segall Bryant & Hamill LLC Reduces Position in Newell Brands Inc. (NWL)

Segall Bryant & Hamill LLC reduced its holdings in Newell Brands Inc. (NYSE:NWL) by 38.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,387 shares of the company’s stock after selling 335,171 shares during the quarter. Segall Bryant & Hamill LLC owned 0.11% of Newell Brands worth $22,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BDO Wealth Advisors LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth approximately $107,000. Parkside Investments LLC acquired a new stake in shares of Newell Brands during the third quarter valued at approximately $107,000. Harfst & Associates Inc. raised its holdings in shares of Newell Brands by 14.4% during the second quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock valued at $134,000 after acquiring an additional 315 shares during the period. BB&T Investment Services Inc. acquired a new stake in shares of Newell Brands during the second quarter valued at approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Newell Brands by 52.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock valued at $169,000 after acquiring an additional 1,088 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Newell Brands Inc. (NYSE NWL) traded up $0.01 during trading on Thursday, reaching $31.79. 6,442,300 shares of the company’s stock traded hands, compared to its average volume of 4,781,653. The firm has a market cap of $15,575.38, a price-to-earnings ratio of 11.07, a PEG ratio of 1.28 and a beta of 1.10. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. Newell Brands Inc. has a 1 year low of $27.45 and a 1 year high of $55.08.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. research analysts expect that Newell Brands Inc. will post 2.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.92 annualized dividend and a yield of 2.89%. Newell Brands’s dividend payout ratio is presently 35.52%.

Newell Brands announced that its board has approved a stock buyback program on Tuesday, September 26th that allows the company to repurchase $256.00 million in shares. This repurchase authorization allows the company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Barclays restated a “buy” rating and set a $35.00 price target on shares of Newell Brands in a report on Wednesday. Jefferies Group lowered shares of Newell Brands from a “buy” rating to a “hold” rating and cut their price target for the company from $63.00 to $49.00 in a report on Monday, September 11th. BMO Capital Markets restated a “market perform” rating and set a $45.00 price target (down previously from $51.00) on shares of Newell Brands in a report on Thursday, September 21st. Finally, J P Morgan Chase & Co cut their price target on shares of Newell Brands from $58.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.79.

In related news, CEO Michael B. Polk acquired 7,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $28.22 per share, for a total transaction of $197,540.00. Following the purchase, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott S. Cowen acquired 2,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was bought at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now owns 87,883 shares in the company, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 14,100 shares of company stock worth $507,255. Company insiders own 0.97% of the company’s stock.

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Newell Brands 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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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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