Newell Brands Inc. (NASDAQ:NWL) Stock Holdings Decreased by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its position in Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 94.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,200 shares of the company’s stock after selling 295,712 shares during the quarter. Handelsbanken Fonder AB’s holdings in Newell Brands were worth $238,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Hartford Investment Management Co. boosted its holdings in shares of Newell Brands by 11.7% during the third quarter. Hartford Investment Management Co. now owns 66,716 shares of the company’s stock worth $927,000 after purchasing an additional 6,964 shares during the period. United Capital Financial Advisers LLC boosted its stake in shares of Newell Brands by 3.9% in the 3rd quarter. United Capital Financial Advisers LLC now owns 735,276 shares of the company’s stock valued at $10,213,000 after purchasing an additional 27,656 shares in the last quarter. RFP Financial Group LLC acquired a new position in Newell Brands during the 4th quarter worth about $73,000. Barclays PLC lifted its position in Newell Brands by 57.4% during the 3rd quarter. Barclays PLC now owns 825,308 shares of the company’s stock valued at $11,464,000 after purchasing an additional 301,038 shares during the period. Finally, Clarius Group LLC acquired a new position in Newell Brands during the 4th quarter valued at about $140,000. 92.31% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Up 3.1 %

Shares of NASDAQ:NWL opened at $10.11 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a twelve month low of $9.75 and a twelve month high of $24.70. The stock’s 50 day moving average is $11.94 and its 200-day moving average is $13.52.

Newell Brands (NASDAQ:NWL – Get Rating) last issued its earnings results on Friday, April 28th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.79 billion. Newell Brands had a positive return on equity of 13.59% and a negative net margin of 1.31%. Newell Brands’s revenue for the quarter was down 24.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, equities research analysts predict that Newell Brands Inc. will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup began coverage on Newell Brands in a research note on Thursday, February 16th. They set a “neutral” rating and a $15.00 target price for the company. Morgan Stanley cut their price objective on Newell Brands from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, February 13th. JPMorgan Chase & Co. increased their price objective on Newell Brands from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut their price target on Newell Brands from $14.00 to $13.00 in a report on Monday, May 1st. Finally, Royal Bank of Canada cut their price target on Newell Brands from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Monday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and an average price target of $17.18.

Insider Activity at Newell Brands

In other news, CFO Mark J. Erceg purchased 28,282 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was bought at an average price of $13.00 per share, for a total transaction of $367,666.00. Following the purchase, the chief financial officer now owns 94,982 shares of the company’s stock, valued at $1,234,766. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Newell Brands news, Director Brett Icahn sold 107,372 shares of Newell Brands stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $15.37, for a total value of $1,650,307.64. Following the transaction, the director now directly owns 845,631 shares of the company’s stock, valued at approximately $12,997,348.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Erceg purchased 28,282 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was bought at an average cost of $13.00 per share, for a total transaction of $367,666.00. Following the completion of the purchase, the chief financial officer now directly owns 94,982 shares in the company, valued at $1,234,766. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by insiders.

About Newell Brands

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Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment includes commercial cleaning and maintenance solutions, closet and garage organization, hygiene systems and material handling solutions, connected home and security, and smoke and carbon monoxide alarms.