Today: Sentry Investment Management LLC Boosts Position in Newell Brands Inc. (NWL)

Today: Sentry Investment Management LLC Boosts Position in Newell Brands Inc. (NWL)

Sentry Investment Management LLC increased its position in Newell Brands Inc. (NYSE:NWL) by 4.5% during the third quarter, Holdings Channel reports. The institutional investor owned 33,413 shares of the company’s stock after buying an additional 1,448 shares during the period. Sentry Investment Management LLC’s holdings in Newell Brands were worth $1,760,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Newell Brands by 1.8% in the third quarter. Assetmark Inc. now owns 4,057 shares of the company’s stock valued at $214,000 after buying an additional 70 shares in the last quarter. FTB Advisors Inc. boosted its stake in shares of Newell Brands by 1.6% in the second quarter. FTB Advisors Inc. now owns 7,114 shares of the company’s stock valued at $345,000 after buying an additional 114 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Newell Brands by 2.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 4,841 shares of the company’s stock valued at $255,000 after buying an additional 128 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Newell Brands by 2.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,129 shares of the company’s stock valued at $270,000 after buying an additional 130 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Newell Brands by 3.2% in the second quarter. Carroll Financial Associates Inc. now owns 5,160 shares of the company’s stock valued at $250,000 after buying an additional 160 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Newell Brands Inc. (NYSE:NWL) traded down 0.93% during midday trading on Monday, reaching $47.82. 954,433 shares of the company’s stock were exchanged. The firm has a market capitalization of $23.07 billion, a P/E ratio of 46.61 and a beta of 1.03. The stock’s 50 day moving average is $49.63 and its 200 day moving average is $50.22. Newell Brands Inc. has a 52 week low of $33.26 and a 52 week high of $55.45.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, October 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The company earned $3.95 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Newell Brands had a net margin of 3.51% and a return on equity of 14.92%. The firm’s quarterly revenue was up 158.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, analysts expect that Newell Brands Inc. will post $2.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, November 28th. Newell Brands’s payout ratio is currently 86.36%.

Several brokerages recently issued reports on NWL. Wells Fargo & Co. began coverage on shares of Newell Brands in a research note on Tuesday, November 15th. They set an “outperform” rating for the company. Raymond James Financial Inc. raised shares of Newell Brands from an “outperform” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research note on Tuesday, November 8th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $60.00 price objective on shares of Newell Brands in a research note on Monday, October 31st. B. Riley reaffirmed a “buy” rating and set a $67.00 price objective on shares of Newell Brands in a research note on Monday, October 31st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $66.00 price objective on shares of Newell Brands in a research note on Tuesday, October 18th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Newell Brands currently has an average rating of “Buy” and a consensus price target of $58.75.

In other news, CEO Michael B. Polk purchased 4,000 shares of the stock in a transaction dated Tuesday, November 1st. The stock was acquired at an average cost of $47.82 per share, for a total transaction of $191,280.00. Following the completion of the acquisition, the chief executive officer now directly owns 338,169 shares in the company, valued at approximately $16,171,241.58. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Mark Tarchetti purchased 12,436 shares of the stock in a transaction dated Monday, October 31st. The shares were purchased at an average price of $48.15 per share, with a total value of $598,793.40. Following the completion of the acquisition, the president now owns 188,995 shares of the company’s stock, valued at $9,100,109.25. The disclosure for this purchase can be found here. Company insiders own 0.66% of the company’s stock.

About Newell Brands

Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

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