Raymond James & Associates trimmed its stake in shares of Newell Manufacturers Inc. (NASDAQ:NWL – Free Report) by 4.8% within the third quarter, Holdings Channel.com studies. The fund owned 582,121 shares of the corporate’s inventory after promoting 29,069 shares throughout the quarter. Raymond James & Associates’ holdings in Newell Manufacturers had been value $4,471,000 on the finish of the latest quarter.
Different hedge funds additionally lately made adjustments to their positions within the firm. Rothschild Funding LLC purchased a brand new stake in Newell Manufacturers within the second quarter value roughly $26,000. Gradient Investments LLC purchased a brand new stake in Newell Manufacturers within the second quarter value roughly $46,000. Quarry LP elevated its holdings in Newell Manufacturers by 104.4% within the second quarter. Quarry LP now owns 7,941 shares of the corporate’s inventory value $51,000 after buying a further 4,056 shares within the final quarter. Innealta Capital LLC purchased a brand new stake in Newell Manufacturers within the second quarter value roughly $58,000. Lastly, GAMMA Investing LLC elevated its holdings in Newell Manufacturers by 40.4% within the second quarter. GAMMA Investing LLC now owns 11,860 shares of the corporate’s inventory value $76,000 after buying a further 3,412 shares within the final quarter. 92.50% of the inventory is at the moment owned by institutional buyers.
Newell Manufacturers Inventory Down 0.1 %
Shares of NASDAQ:NWL opened at $8.79 on Friday. The inventory has a market cap of $3.66 billion, a price-to-earnings ratio of -14.65, a PEG ratio of 0.82 and a beta of 0.89. The corporate has a fast ratio of 0.50, a present ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Manufacturers Inc. has a 12-month low of $5.39 and a 12-month excessive of $9.68. The enterprise’s 50 day shifting common is $7.60 and its 200 day shifting common is $7.38.
Newell Manufacturers (NASDAQ:NWL – Get Free Report) final introduced its earnings outcomes on Friday, October twenty fifth. The corporate reported $0.16 earnings per share (EPS) for the quarter, assembly the consensus estimate of $0.16. The corporate had income of $1.95 billion for the quarter, in comparison with analysts’ expectations of $1.96 billion. Newell Manufacturers had a constructive return on fairness of 10.22% and a damaging internet margin of three.22%. Newell Manufacturers’s quarterly income was down 2.6% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the agency earned $0.39 earnings per share. On common, sell-side analysts forecast that Newell Manufacturers Inc. will publish 0.65 earnings per share for the present fiscal 12 months.
Newell Manufacturers Dividend Announcement
The enterprise additionally lately introduced a quarterly dividend, which was paid on Friday, September thirteenth. Buyers of file on Friday, August thirtieth got a dividend of $0.07 per share. The ex-dividend date was Friday, August thirtieth. This represents a $0.28 annualized dividend and a dividend yield of three.19%. Newell Manufacturers’s payout ratio is -46.67%.
Analyst Scores Adjustments
Quite a lot of equities analysis analysts have weighed in on NWL shares. Deutsche Financial institution Aktiengesellschaft lifted their goal value on Newell Manufacturers from $8.00 to $9.00 and gave the inventory a “maintain” ranking in a report on Monday, July twenty ninth. Truist Monetary raised their value goal on Newell Manufacturers from $8.00 to $10.00 and gave the corporate a “maintain” ranking in a analysis observe on Tuesday, July thirtieth. JPMorgan Chase & Co. decreased their value goal on Newell Manufacturers from $9.00 to $8.00 and set a “impartial” ranking for the corporate in a analysis observe on Friday, October eleventh. Canaccord Genuity Group raised their value goal on Newell Manufacturers from $12.00 to $13.00 and gave the corporate a “purchase” ranking in a analysis observe on Monday, October twenty eighth. Lastly, Royal Financial institution of Canada raised their value goal on Newell Manufacturers from $7.50 to $9.50 and gave the corporate a “sector carry out” ranking in a analysis observe on Monday, July twenty ninth. One analysis analyst has rated the inventory with a promote ranking, ten have given a maintain ranking and one has issued a purchase ranking to the corporate’s inventory. In keeping with MarketBeat, the corporate at the moment has a consensus ranking of “Maintain” and a consensus goal value of $8.90.
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About Newell Manufacturers
Newell Manufacturers Inc engages within the design, manufacture, sourcing, and distribution of client and business merchandise worldwide. The corporate operates in three segments: Dwelling and Industrial Options, Studying and Improvement, and Out of doors and Recreation. The Industrial Options section supplies business cleansing and upkeep answer merchandise below the Rubbermaid, Rubbermaid Industrial Merchandise, Mapa, and Spontex manufacturers; closet and storage group merchandise; hygiene programs and materials dealing with options; family merchandise, corresponding to kitchen home equipment below the Crockpot, Mr.
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