Newell Brands Inc (NYSE:NWL) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Newell Brands Inc (NYSE:NWL) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,953 shares of the company’s stock after acquiring an additional 2,318 shares during the period. Nordea Investment Management AB’s holdings in Newell Brands were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. JOYN Advisors Inc. increased its stake in Newell Brands by 232.3% during the fourth quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock worth $32,000 after acquiring an additional 1,215 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Newell Brands during the first quarter valued at approximately $31,000. CSat Investment Advisory L.P. grew its stake in shares of Newell Brands by 163.6% during the first quarter. CSat Investment Advisory L.P. now owns 3,110 shares of the company’s stock valued at $48,000 after buying an additional 1,930 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Newell Brands by 195.7% during the first quarter. Quadrant Capital Group LLC now owns 4,175 shares of the company’s stock valued at $62,000 after buying an additional 2,763 shares during the last quarter. Finally, Actinver Wealth Management Inc. bought a new position in shares of Newell Brands during the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 98.42% of the company’s stock.

Shares of NWL traded down $0.34 during midday trading on Friday, hitting $14.33. 4,126,844 shares of the company’s stock traded hands, compared to its average volume of 5,941,241. Newell Brands Inc has a 1 year low of $13.04 and a 1 year high of $27.04. The company’s fifty day moving average is $14.83. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. The firm has a market cap of $6.06 billion, a PE ratio of 5.21, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, May 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.08. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, research analysts expect that Newell Brands Inc will post 1.22 EPS for the current fiscal year.

A number of brokerages recently issued reports on NWL. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Consumer Edge began coverage on Newell Brands in a report on Wednesday, July 3rd. They issued a “hold” rating for the company. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.80.

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.

Further Reading: Google Finance Portfolio

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

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.