479,810 Shares in Newell Brands Inc (NWL) Acquired by Arnhold LLC

Arnhold LLC purchased a new stake in shares of Newell Brands Inc (NYSE:NWL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 479,810 shares of the company’s stock, valued at approximately $12,226,000. Newell Brands accounts for about 2.3% of Arnhold LLC’s holdings, making the stock its 7th largest holding.

A number of other large investors also recently added to or reduced their stakes in NWL. BlackRock Inc. raised its holdings in Newell Brands by 24.1% during the 1st quarter. BlackRock Inc. now owns 37,418,442 shares of the company’s stock valued at $953,422,000 after buying an additional 7,261,215 shares during the period. Franklin Resources Inc. increased its stake in Newell Brands by 178.9% in the fourth quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock worth $238,427,000 after purchasing an additional 4,949,143 shares during the period. OppenheimerFunds Inc. increased its stake in Newell Brands by 211.5% in the fourth quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock worth $161,001,000 after purchasing an additional 3,537,489 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Newell Brands by 74.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,935,458 shares of the company’s stock worth $74,796,000 after purchasing an additional 1,257,190 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Newell Brands by 99.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,031,120 shares of the company’s stock worth $51,407,000 after purchasing an additional 1,012,999 shares during the period. Institutional investors own 96.74% of the company’s stock.

In related news, Director James Craigie acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The shares were bought at an average price of $26.67 per share, with a total value of $26,670.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Todman acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were bought at an average cost of $26.53 per share, for a total transaction of $106,120.00. The disclosure for this purchase can be found here. 0.97% of the stock is owned by company insiders.

A number of analysts have weighed in on NWL shares. SunTrust Banks lowered Newell Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Wells Fargo & Co reiterated a “hold” rating and issued a $25.00 target price on shares of Newell Brands in a research note on Thursday, February 15th. ValuEngine lowered Newell Brands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Vetr upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, February 20th. Finally, FIX reiterated a “hold” rating and issued a $23.00 target price on shares of Newell Brands in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.44.

Newell Brands opened at $23.58 on Friday, according to MarketBeat Ratings. Newell Brands Inc has a 12-month low of $23.41 and a 12-month high of $55.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.72. The firm has a market cap of $12.06 billion, a PE ratio of 8.57, a PEG ratio of 1.51 and a beta of 0.80.

Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, May 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Newell Brands had a return on equity of 10.05% and a net margin of 14.93%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was down 7.6% compared to the same quarter last year. equities analysts expect that Newell Brands Inc will post 2.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Wednesday, May 30th. Newell Brands’s payout ratio is currently 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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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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