Baird Financial Group Inc. Has $322,000 Stock Position in Newell Brands Inc. (NASDAQ:NWL)

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Baird Financial Group Inc. increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWLGet Rating) by 7.7% during the second quarter, Holdings Channel reports. The fund owned 16,928 shares of the company’s stock after acquiring an additional 1,203 shares during the quarter. Baird Financial Group Inc.’s holdings in Newell Brands were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Tcwp LLC acquired a new position in shares of Newell Brands during the 1st quarter worth approximately $26,000. Fairfield Bush & CO. acquired a new position in shares of Newell Brands during the 1st quarter worth approximately $26,000. CX Institutional acquired a new position in shares of Newell Brands during the 2nd quarter worth approximately $25,000. Silvant Capital Management LLC boosted its stake in Newell Brands by 98.8% in the 1st quarter. Silvant Capital Management LLC now owns 3,018 shares of the company’s stock valued at $65,000 after purchasing an additional 1,500 shares during the period. Finally, Sentry Investment Management LLC boosted its stake in Newell Brands by 14,366.7% in the 1st quarter. Sentry Investment Management LLC now owns 3,038 shares of the company’s stock valued at $65,000 after purchasing an additional 3,017 shares during the period. 91.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Newell Brands from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. Truist Financial reduced their price target on Newell Brands from $35.00 to $20.00 in a research note on Friday, November 4th. Jefferies Financial Group reduced their price target on Newell Brands from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, September 14th. Raymond James reduced their price target on Newell Brands from $23.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 19th. Finally, TheStreet downgraded Newell Brands from a “b-” rating to a “c+” rating in a research note on Monday, September 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.56.

Newell Brands Price Performance

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Shares of NWL stock opened at $13.06 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. Newell Brands Inc. has a twelve month low of $12.24 and a twelve month high of $26.45. The company has a market cap of $5.40 billion, a P/E ratio of 9.81 and a beta of 0.84. The business has a fifty day simple moving average of $14.35 and a 200 day simple moving average of $17.24.

Newell Brands (NASDAQ:NWLGet Rating) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. Newell Brands had a return on equity of 20.03% and a net margin of 5.66%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the prior year, the company earned $0.54 EPS. Newell Brands’s revenue for the quarter was down 19.2% on a year-over-year basis. On average, sell-side analysts forecast that Newell Brands Inc. will post 1.58 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 7.04%. Newell Brands’s payout ratio is presently 69.17%.

Insiders Place Their Bets

In other Newell Brands news, Director Brett Icahn sold 71,304 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $16.89, for a total value of $1,204,324.56. Following the completion of the transaction, the director now owns 953,003 shares of the company’s stock, valued at approximately $16,096,220.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Courtney Mather sold 50,000 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $18.17, for a total value of $908,500.00. Following the completion of the sale, the director now owns 10,691 shares of the company’s stock, valued at $194,255.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brett Icahn sold 71,304 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $16.89, for a total value of $1,204,324.56. Following the completion of the sale, the director now directly owns 953,003 shares of the company’s stock, valued at approximately $16,096,220.67. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Newell Brands Company Profile

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Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

See Also

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

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

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