Croft Leominster Inc. Has $3,972,000 Position in Newell Brands Inc. (NWL)
Croft Leominster Inc. maintained its stake in shares of Newell Brands Inc. (NYSE:NWL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,213 shares of the company’s stock at the end of the 2nd quarter. Croft Leominster Inc.’s holdings in Newell Brands were worth $3,972,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BDO Wealth Advisors LLC acquired a new position in shares of Newell Brands during the second quarter valued at $107,000. Harfst & Associates Inc. acquired a new position in shares of Newell Brands during the first quarter valued at $103,000. Israel Discount Bank of New York acquired a new position in shares of Newell Brands during the first quarter valued at $112,000. Parallel Advisors LLC increased its holdings in shares of Newell Brands by 23.0% during the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock valued at $132,000 after purchasing an additional 544 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased 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 purchasing an additional 1,088 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the company. BMO Capital Markets reissued a “market perform” rating and set a $45.00 price target (down from $51.00) on shares of Newell Brands in a report on Thursday, September 21st. J P Morgan Chase & Co lowered their price target on Newell Brands from $58.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, September 21st. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Jefferies Group LLC lowered Newell Brands from a “buy” rating to a “hold” rating and lowered their price target for the company from $63.00 to $49.00 in a report on Monday, September 11th. Finally, Forward View reissued a “buy” rating and set a $58.00 price target on shares of Newell Brands in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $56.31.
In other Newell Brands news, CEO Michael B. Polk bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average cost of $43.61 per share, with a total value of $218,050.00. Following the completion of the purchase, the chief executive officer now owns 609,296 shares in the company, valued at $26,571,398.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott S. Cowen bought 2,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was acquired at an average cost of $43.60 per share, with a total value of $87,200.00. Following the completion of the purchase, the director now owns 87,883 shares of the company’s stock, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 7,100 shares of company stock valued at $309,715. 0.97% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/11/croft-leominster-inc-has-3972000-position-in-newell-brands-inc-nwl.html.
Newell Brands Inc. (NWL) traded up 0.05% during trading on Wednesday, hitting $42.71. The company had a trading volume of 2,469,108 shares. The firm has a 50-day moving average of $44.57 and a 200 day moving average of $49.39. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 17.72 and a beta of 1.15. Newell Brands Inc. has a 12-month low of $40.88 and a 12-month high of $55.08.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Newell Brands Inc. will post $3.00 earnings per share for the current year.
Newell Brands declared that its board has initiated a share repurchase plan 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 plans are usually an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.16%. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.
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.
Receive News & Stock Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related stocks with our FREE daily email newsletter.