Hartford Investment Management Co. sold 2,737 shares of Newell Brands Inc. (NASDAQ:NWL)


Hartford Investment Management Co. reduced its holdings in Newell Brands Inc. (NASDAQ:NWL – Get Rating ) by 4.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 60,089 shares of the company’s stock after selling 2,737 shares during the period. Hartford Investment Management Co.’s holdings. in Newell Brands were worth $1,287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWL. BlackRock Inc. increased its position in shares of Newell Brands by 12.1% in the fourth quarter. BlackRock Inc. now owns 51,926,047 shares of the company’s stock valued at $1,134,067,000 after purchasing an additional 5,587,736 shares during the period. Victory Capital Management Inc. grew its position in shares of Newell Brands by 28.2% in the fourth quarter. Victory Capital Management Inc. now owns 11,312,817 shares of the company’s stock valued at $247,071,000 after purchasing an additional 2,487,466 shares during the period. JPMorgan Chase & Co. increased its position in shares of Newell Brands by 11.1% in the fourth quarter. JPMorgan Chase & Co. now owns 22,278,120 shares of the company’s stock valued at $486,555,000 after purchasing an additional 2,218,560 shares during the period. Pzena Investment Management LLC boosted its position in shares of Newell Brands by 8.3% during the fourth quarter. Pzena Investment Management LLC now owns 28,342,422 shares of the company’s stock valued at $618,998,000 after buying an additional 2,179,131 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Newell Brands by 39.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,621,562 shares of the company’s stock valued at $166,455,000 after buying an additional 2,169,434 shares during the period. Institutional investors and hedge funds own 84.07% of the company’s shares.

Shares of Newell Brands stock opened at $19.51 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick earnings ratio of 0.66 and a current ratio of 1.39. The firm has a market cap of $8.07 billion, a P/E ratio of 11.68 and a beta of 0.74. The business’s fifty day moving average is $20.77 and the two hundred day moving average is $22.10. Newell Brands Inc. has a 52-week low of $17.40 and a 52-week high of $27.64.

Newell Brands (NASDAQ:NWL – Get Rating ) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The company had revenue of $2.40 billion for the quarter, compared to analysts’ estimates of $2.28 billion. Newell Brands had a return on equity of 19.95% and a net margin of 6.71%. Business revenues increased by 4.9% year-on-year. In the same quarter last year, the firm earned $0.30 earnings per share. On average, equities analysts predict that Newell Brands Inc. will report 1.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were given a dividend of $0.23 per share. This represents a $0.92 annual dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Friday, May 27th. Newell Brands’s dividend payout ratio (DPR) is currently 55.09%.

A number of analysts recently issued reports on the company. Raymond James decreased their price objective on Newell Brands from $33.00 to $28.00 and set a “strong-buy” rating on the stock in a research report on Monday, April 18th. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 30th. TheStreet raised Newell Brands from a “c+” rating to a “b” rating in a research note on Friday, April 29th. Wells Fargo & Company cut their target price on Newell Brands from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Newell Brands from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, June 21st. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Newell Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.60, according to MarketBeat .

Newell Brand Profile (Get Rating)

Newell Brands Inc designs, manufactures, supplies and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Training & Development, and Outdoor & Recreation. The Commercial Solutions segment offers commercial cleaning and maintenance solutions; Products for organizing wardrobes and garages; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarm products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products and Spontex brands.

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Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider deals for Newell Brands Inc. (NASDAQ:NWL – Get Rating ).

Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)



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