Newell Brands Inc (NWL) Holdings Reduced by Ruffer LLP
Ruffer LLP reduced its holdings in Newell Brands Inc (NYSE:NWL) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 10,000 shares during the period. Ruffer LLP’s holdings in Newell Brands were worth $609,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. LPL Financial LLC increased its position in shares of Newell Brands by 33.7% during the first quarter. LPL Financial LLC now owns 26,886 shares of the company’s stock valued at $685,000 after purchasing an additional 6,780 shares during the period. IFM Investors Pty Ltd increased its position in shares of Newell Brands by 44.3% during the second quarter. IFM Investors Pty Ltd now owns 22,582 shares of the company’s stock valued at $582,000 after purchasing an additional 6,929 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Newell Brands by 3.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 142,650 shares of the company’s stock valued at $3,679,000 after purchasing an additional 4,500 shares during the period. Manning & Napier Group LLC increased its position in shares of Newell Brands by 132.4% during the second quarter. Manning & Napier Group LLC now owns 106,803 shares of the company’s stock valued at $2,754,000 after purchasing an additional 60,853 shares during the period. Finally, Atria Investments LLC bought a new stake in shares of Newell Brands during the second quarter valued at approximately $1,105,000. 97.83% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on NWL. TheStreet cut Newell Brands from a “c” rating to a “d” rating in a research report on Friday, November 2nd. Morgan Stanley set a $23.00 price objective on Newell Brands and gave the company a “hold” rating in a research report on Tuesday, November 6th. Wells Fargo & Co boosted their price objective on Newell Brands from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, November 5th. Deutsche Bank boosted their price objective on Newell Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Monday, November 5th. Finally, ValuEngine upgraded Newell Brands from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Thirteen equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Newell Brands has an average rating of “Hold” and an average target price of $26.60.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.55. Newell Brands had a positive return on equity of 9.51% and a negative net margin of 46.92%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. As a group, research analysts predict that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
Newell Brands 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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