Wealth Enhancement Advisory Services LLC Raises Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Wealth Enhancement Advisory Services LLC grew its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 105.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,995 shares of the company’s stock after purchasing an additional 19,493 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Newell Brands were worth $292,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in shares of Newell Brands during the second quarter valued at about $26,000. Gradient Investments LLC purchased a new position in Newell Brands in the second quarter worth about $46,000. Quarry LP grew its position in Newell Brands by 104.4% in the second quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after acquiring an additional 4,056 shares in the last quarter. Innealta Capital LLC purchased a new position in Newell Brands in the second quarter worth about $58,000. Finally, Empowered Funds LLC purchased a new position in Newell Brands in the first quarter worth about $80,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

NWL has been the subject of several analyst reports. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Wells Fargo & Company lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Canaccord Genuity Group lifted their price target on shares of Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Newell Brands has a consensus rating of “Hold” and an average price target of $8.90.

Insider Activity

In other news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Newell Brands Price Performance

NASDAQ NWL opened at $9.22 on Monday. The firm’s fifty day simple moving average is $7.78 and its two-hundred day simple moving average is $7.45. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.68. The firm has a market capitalization of $3.84 billion, a P/E ratio of -15.37, a P/E/G ratio of 0.85 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts forecast that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.