Sequoia Financial Advisors LLC Invests $196,000 in Newell Brands Inc. (NASDAQ:NWL)

Sequoia Financial Advisors LLC purchased a new position in Newell Brands Inc. (NASDAQ:NWLFree Report) in the third quarter, Holdings Channel.com reports. The firm purchased 21,742 shares of the company’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of Newell Brands by 233.2% during the second quarter. Geneos Wealth Management Inc. now owns 2,849 shares of the company’s stock valued at $25,000 after buying an additional 1,994 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Newell Brands by 1,935.1% in the third quarter. Versant Capital Management Inc now owns 2,727 shares of the company’s stock worth $25,000 after purchasing an additional 2,593 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Newell Brands in the third quarter worth about $25,000. Fairfield Bush & CO. bought a new position in shares of Newell Brands in the first quarter worth about $26,000. Finally, Resources Management Corp CT ADV grew its holdings in shares of Newell Brands by 6,000.0% in the second quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company’s stock worth $27,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NWL shares. Raymond James cut shares of Newell Brands from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $13.00 to $10.00 in a report on Monday, October 23rd. TheStreet cut shares of Newell Brands from a “c-” rating to a “d” rating in a report on Friday, October 27th. UBS Group increased their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Barclays increased their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and an average target price of $9.55.

Read Our Latest Stock Report on NWL

Newell Brands Stock Down 18.9 %

NASDAQ:NWL opened at $6.85 on Monday. Newell Brands Inc. has a fifty-two week low of $6.49 and a fifty-two week high of $15.60. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. The company’s 50-day simple moving average is $8.44 and its 200-day simple moving average is $8.61.

Newell Brands (NASDAQ:NWLGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $0.16 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts forecast that Newell Brands Inc. will post 0.57 EPS for the current year.

About Newell Brands

(Free Report)

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company 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 connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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

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