Newell Brands Inc (NYSE:NWL) Director James Craigie Acquires 12,500 Shares

Newell Brands Inc (NYSE:NWL) Director James Craigie bought 12,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $20.00 per share, with a total value of $250,000.00. Following the acquisition, the director now directly owns 28,749 shares of the company’s stock, valued at $574,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NWL traded up $0.44 during mid-day trading on Tuesday, reaching $19.96. The stock had a trading volume of 29,499 shares, compared to its average volume of 5,677,586. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands Inc has a 52-week low of $13.04 and a 52-week high of $24.57. The business’s fifty day moving average is $19.17 and its 200 day moving average is $16.36. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 3.82 and a beta of 0.90.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.17. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Newell Brands’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.61%. Newell Brands’s dividend payout ratio is currently 33.45%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of Newell Brands from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Deutsche Bank dropped their target price on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating for the company in a report on Monday, August 5th. Finally, TheStreet raised shares of Newell Brands from a “d” rating to a “c-” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Newell Brands presently has an average rating of “Hold” and a consensus price target of $19.78.

Several institutional investors and hedge funds have recently made changes to their positions in NWL. Advisory Services Network LLC increased its stake in Newell Brands by 27.3% in the second quarter. Advisory Services Network LLC now owns 68,301 shares of the company’s stock valued at $1,053,000 after purchasing an additional 14,666 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in shares of Newell Brands during the 2nd quarter valued at approximately $162,000. D.A. Davidson & CO. raised its position in shares of Newell Brands by 36.4% during the 2nd quarter. D.A. Davidson & CO. now owns 25,945 shares of the company’s stock valued at $400,000 after acquiring an additional 6,917 shares in the last quarter. Atria Investments LLC raised its position in shares of Newell Brands by 3,504.9% during the 2nd quarter. Atria Investments LLC now owns 480,828 shares of the company’s stock valued at $4,621,000 after acquiring an additional 467,490 shares in the last quarter. Finally, Capital Fund Management S.A. raised its position in shares of Newell Brands by 451.6% during the 2nd quarter. Capital Fund Management S.A. now owns 607,170 shares of the company’s stock valued at $9,363,000 after acquiring an additional 497,100 shares in the last quarter. 98.42% of the stock is owned by hedge funds and other institutional investors.

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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