Newell Brands Inc. (NWL) Plans Quarterly Dividend of $0.19
Newell Brands Inc. (NYSE:NWL) declared a quarterly dividend on Thursday, November 10th. Investors of record on Wednesday, November 30th will be given a dividend of 0.19 per share on Thursday, December 15th. This represents a $0.76 annualized dividend and a yield of 1.59%. The ex-dividend date is Monday, November 28th.
Newell Brands (NYSE:NWL) opened at 47.66 on Friday. Newell Brands has a 52-week low of $33.26 and a 52-week high of $55.45. The stock has a market capitalization of $23.07 billion, a PE ratio of 46.45 and a beta of 1.03. The company’s 50-day moving average price is $51.00 and its 200 day moving average price is $50.07.
Newell Brands (NYSE:NWL) last issued its earnings results on Friday, October 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Newell Brands had a return on equity of 14.92% and a net margin of 3.51%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the business posted $0.62 EPS. The company’s revenue was up 158.5% compared to the same quarter last year. Equities analysts forecast that Newell Brands will post $2.89 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. Citigroup Inc. reissued a “buy” rating and set a $61.00 price target on shares of Newell Brands in a report on Tuesday, August 2nd. RBC Capital Markets reissued a “buy” rating on shares of Newell Brands in a report on Monday, August 1st. Zacks Investment Research cut Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Deutsche Bank AG increased their price target on Newell Brands from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, August 1st. Finally, Royal Bank Of Canada reissued a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a report on Monday, August 1st. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $58.75.
In other news, President Mark Tarchetti acquired 12,436 shares of the business’s stock in a transaction dated Monday, October 31st. The stock was purchased at an average price of $48.15 per share, for a total transaction of $598,793.40. Following the completion of the transaction, the president now directly owns 188,995 shares in the company, valued at approximately $9,100,109.25. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael B. Polk acquired 7,500 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were purchased at an average price of $49.68 per share, with a total value of $372,600.00. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinkerton Retirement Specialists LLC raised its position in shares of Newell Brands by 5,186.9% in the second quarter. Pinkerton Retirement Specialists LLC now owns 5,657 shares of the company’s stock worth $275,000 after buying an additional 5,550 shares during the last quarter. Arizona State Retirement System raised its position in shares of Newell Brands by 54.5% in the second quarter. Arizona State Retirement System now owns 111,976 shares of the company’s stock worth $5,439,000 after buying an additional 39,500 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Newell Brands by 11.8% in the second quarter. Toronto Dominion Bank now owns 10,135 shares of the company’s stock worth $494,000 after buying an additional 1,073 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Newell Brands during the second quarter worth $6,194,000. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Newell Brands during the second quarter worth $12,577,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.
Newell Brands Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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