NN Investment Partners Holdings N.V. Purchases New Stake in Newell Brands Inc (NYSE:NWL)
NN Investment Partners Holdings N.V. purchased a new stake in Newell Brands Inc (NYSE:NWL) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 68,225 shares of the company’s stock, valued at approximately $1,084,000.
Other institutional investors have also recently bought and sold shares of the company. First Mercantile Trust Co. bought a new position in Newell Brands in the first quarter valued at about $25,000. TFG Advisers LLC acquired a new position in Newell Brands in the fourth quarter valued at about $26,000. WASHINGTON TRUST Co acquired a new position in Newell Brands in the first quarter valued at about $27,000. TRUE Private Wealth Advisors lifted its stake in Newell Brands by 47.1% in the first quarter. TRUE Private Wealth Advisors now owns 2,500 shares of the company’s stock valued at $33,000 after buying an additional 800 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in Newell Brands in the first quarter valued at about $40,000. Institutional investors and hedge funds own 98.42% of the company’s stock.
NYSE NWL opened at $16.40 on Friday. The firm has a market cap of $6.96 billion, a P/E ratio of 5.96, a P/E/G ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. The stock’s 50-day moving average is $15.98 and its 200-day moving average is $15.48. Newell Brands Inc has a one year low of $10.44 and a one year high of $20.99.
NWL has been the topic of several analyst reports. Deutsche Bank increased their target price on Newell Brands from $13.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, July 27th. Oppenheimer initiated coverage on Newell Brands in a research note on Friday, May 1st. They issued a “hold” rating on the stock. Morgan Stanley increased their target price on Newell Brands from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, July 13th. TheStreet lowered Newell Brands from a “c-” rating to a “d” rating in a research note on Friday, May 1st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $16.00 target price on shares of Newell Brands in a research note on Thursday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.88.
About Newell Brands
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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