Investors Sell Newell Brands (NWL) on Strength (NWL)

Traders sold shares of Newell Brands Inc (NYSE:NWL) on strength during trading hours on Tuesday. $16.99 million flowed into the stock on the tick-up and $44.76 million flowed out of the stock on the tick-down, for a money net flow of $27.77 million out of the stock. Of all companies tracked, Newell Brands had the 26th highest net out-flow for the day. Newell Brands traded up $0.34 for the day and closed at $26.26

Several research analysts have recently commented on NWL shares. Barclays reiterated a “hold” rating and issued a $29.00 target price on shares of Newell Brands in a research report on Sunday, May 13th. Vetr upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, February 20th. Citigroup reiterated a “buy” rating on shares of Newell Brands in a research report on Monday, March 5th. Deutsche Bank lifted their target price on Newell Brands from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, February 19th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a research report on Monday, June 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $31.44.

The stock has a market cap of $12.65 billion, a PE ratio of 9.55, a P/E/G ratio of 1.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.72 and a quick ratio of 1.20.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, May 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.08. Newell Brands had a return on equity of 10.05% and a net margin of 14.93%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. research analysts forecast that Newell Brands Inc will post 2.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.50%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

Newell Brands declared that its Board of Directors has initiated a share buyback program on Monday, June 11th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to buy up to 19.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

In other Newell Brands news, Director Michael Todman purchased 4,000 shares of Newell Brands stock in a transaction on Monday, May 21st. The stock was bought at an average price of $26.53 per share, for a total transaction of $106,120.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Craigie purchased 1,000 shares of Newell Brands stock in a transaction on Friday, May 18th. The shares were acquired at an average price of $26.67 per share, with a total value of $26,670.00. The disclosure for this purchase can be found here. Insiders own 0.97% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Newell Brands by 24.1% in the 1st quarter. BlackRock Inc. now owns 37,418,442 shares of the company’s stock worth $953,422,000 after buying an additional 7,261,215 shares in the last quarter. Icahn Carl C bought a new stake in shares of Newell Brands in the 1st quarter worth $771,529,000. Massachusetts Financial Services Co. MA raised its stake in shares of Newell Brands by 3.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 17,171,146 shares of the company’s stock worth $437,520,000 after buying an additional 572,667 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Newell Brands by 65.7% in the 1st quarter. OppenheimerFunds Inc. now owns 8,632,512 shares of the company’s stock worth $219,956,000 after buying an additional 3,422,160 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Newell Brands by 178.9% in the 4th quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock worth $238,427,000 after buying an additional 4,949,143 shares in the last quarter. Institutional investors own 96.68% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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