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Published: Fri, November 04, 2016
Economy | By Melissa Porter

Top Insiders Take Advantage Of Newell Brands Pullback To Increase Stakes


Many analysts are providing their Estimated Earnings analysis for Newell Brands Inc. and for the current quarter 15 analysts have projected that the stock could give an Average Earnings estimate of $0.83/share. Finally, PGGM Investments increased its stake in shares of Newell Brands by 2.6% in the second quarter. (NYSE:NWL) will release its earnings at about 4%. Top-level EPS estimate is set at $0.89 while low-level EPS estimate among analysts is focused at $0.81. The company has an average rating of Buy and a consensus price target of $58.08. Raymond James analysts disclosed their opinion on Newell Brands Inc.

Recent Sales Surprise: During the recent quarter period Quarter Ending Sep-16, the company declared sales of $3,954.60M. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The ratio increased, as 31 funds sold all NWL shares owned while 101 reduced positions.

Newell Brands Inc. (NYSE:NWL) went down -2.79% during trading on 10/31/2016, closing at $48.02. According to Zacks Investment Research, based on 11 analysts' forecasts, the consensus EPS forecast for the quarter is $0.42. About 1.21M shares traded hands.

FT reports, The 14 analysts offering 12 month price targets for Newell Brands Inc have a median target of 60.00, with a high estimate of 66.00 and a low estimate of 52.00. The Market Capitalization of the company stands at 23.51 Billion.

$0.38 stated diluted earnings per share contrast with $0.50 diluted earnings per share in the prior year, mainly attributable to core sales growth, earnings contribution from acquisitions, cost and tax synergies related to Jarden acquisition and Project Renewal savings, offset by Jarden transaction-related expenses, counting a one-time inventory step-up charge of $0.19, raised amortization of intangibles and higher interest expense, and by a higher share count.

Other analysts have also issued research reports about the stock. TD Asset Management Inc. boosted its stake in shares of Newell Brands by 2.7% in the third quarter. Its CEO POLK MICHAEL B Purchased 4,000 company shares for $191000.28, in a transaction on 2016-11-01. Newell Rubbermaid had a return on equity of 14.92% and a net margin of 3.51%. The company has a 50 day moving average price of $51.54 and a 200 day moving average price of $49.93. Newell Rubbermaid's quarterly revenue was up 158.5% on a year-over-year basis. RBC Capital Markets reissued a "buy" rating on shares of Newell Brands in a research report on Monday, August 1st. The shares were acquired at an average price of $48.15 per share, with a total value of $598,793.40. Bbva Compass Bancshares Inc. purchased a new stake in shares of Newell Brands during the second quarter worth about $278,000. The disclosure for this purchase can be found here. The stock is down 0.04% or $0.02 hitting $47.63, despite the positive news. State Treasurer State of MI now owns 168,243 shares of the company's stock worth $8,860,000 after buying an additional 9,600 shares in the last quarter. Palestra Capital Management Llc who had been investing in Newell Brands Inc for a number of months, seems to be bullish on the $22.79 billion market cap company.

Newell Rubbermaid Inc.is a marketer of consumer and commercial products. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Rubbermaid Inc. with MarketBeat.com's FREE daily email newsletter. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

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