Lathrop Investment Management Corp trimmed its holdings in shares of Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 0.7% during the second quarter, HoldingsChannel reports. The fund owned 480,928 shares of the company's stock after selling 3,529 shares during the quarter. Newell Brands comprises 2.3% of Lathrop Investment Management Corp's holdings, making the stock its 26th largest position. Lathrop Investment Management Corp's holdings in Newell Brands were worth $9,157,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Tcwp LLC acquired a new position in shares of Newell Brands in the 1st quarter worth approximately $26,000. Fairfield Bush & CO. acquired a new position in shares of Newell Brands in the 1st quarter worth approximately $26,000. Tyler Stone Wealth Management acquired a new position in shares of Newell Brands in the 4th quarter worth approximately $30,000. CWM LLC lifted its position in shares of Newell Brands by 123.8% in the 1st quarter. CWM LLC now owns 2,010 shares of the company's stock worth $43,000 after purchasing an additional 1,112 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Newell Brands by 847.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,236 shares of the company's stock worth $48,000 after purchasing an additional 2,000 shares during the period. 91.05% of the stock is owned by institutional investors.
Get Newell Brands alerts:Analysts Set New Price Targets
A number of research analysts have recently issued reports on NWL shares. UBS Group dropped their price target on shares of Newell Brands from $27.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Newell Brands from $21.00 to $17.00 in a research report on Wednesday, September 7th. Jefferies Financial Group dropped their target price on shares of Newell Brands from $34.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, September 14th. Wells Fargo & Company dropped their target price on shares of Newell Brands from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 7th. Finally, Morgan Stanley dropped their target price on shares of Newell Brands from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.00.
Newell Brands Stock Up 0.2 %
NWL traded up $0.03 during trading on Friday, hitting $14.00. 159,576 shares of the company's stock were exchanged, compared to its average volume of 3,623,465. The company has a quick ratio of 0.48, a current ratio of 1.03 and a debt-to-equity ratio of 0.96. The business's 50 day moving average is $18.53 and its two-hundred day moving average is $20.20. Newell Brands Inc. has a fifty-two week low of $13.73 and a fifty-two week high of $26.45. The stock has a market cap of $5.79 billion, a P/E ratio of 8.22 and a beta of 0.76.Newell Brands (NASDAQ:NWL – Get Rating) last released its quarterly earnings data on Friday, July 29th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.10. Newell Brands had a net margin of 6.89% and a return on equity of 19.96%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business's revenue was down 7.7% on a year-over-year basis. As a group, equities analysts expect that Newell Brands Inc. will post 1.63 earnings per share for the current fiscal year.
Newell Brands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.23 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.57%. Newell Brands's payout ratio is 54.12%.
Insider Transactions at Newell Brands
In other news, Director Brett Icahn sold 71,304 shares of the company's stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $16.89, for a total value of $1,204,324.56. Following the completion of the sale, the director now owns 953,003 shares in the company, valued at approximately $16,096,220.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Brett Icahn sold 71,304 shares of the company's stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $16.89, for a total value of $1,204,324.56. Following the completion of the sale, the director now owns 953,003 shares in the company, valued at approximately $16,096,220.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Courtney Mather sold 50,000 shares of the company's stock in a transaction on Monday, September 12th. The stock was sold at an average price of $18.17, for a total transaction of $908,500.00. Following the completion of the sale, the director now owns 10,691 shares of the company's stock, valued at approximately $194,255.47. The disclosure for this sale can be found here. Company insiders own 0.58% of the company's stock.
Newell Brands Company Profile
(Get Rating)
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
Read More
- Get a free copy of the StockNews.com research report on Newell Brands (NWL)
- This Is A Memorable Time To Buy Into Micron Technology
- Declining Profits Challenge the CarMax Value Proposition
- Let Paychex Stock Work Hard For You
- Thor Industries Hammers Out A Bottom
- How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc. (NASDAQ:NWL – Get Rating).
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.