Institutional Investors Sentiment Indicator of Newell Rubbermaid Inc (NYSE:NWL) Worsens in 2017 Q4

April 26, 2018 - By Stephen Andrade

Newell Brands Inc. (NYSE:NWL) Logo

Sentiment for Newell Rubbermaid Inc (NYSE:NWL)

Newell Rubbermaid Inc (NYSE:NWL) institutional sentiment decreased to 0.72 in 2017 Q4. Its down -0.39, from 1.11 in 2017Q3. The ratio has worsened, as 233 investment professionals increased and opened new stock positions, while 323 reduced and sold holdings in Newell Rubbermaid Inc. The investment professionals in our partner’s database now possess: 431.52 million shares, down from 442.84 million shares in 2017Q3. Also, the number of investment professionals holding Newell Rubbermaid Inc in their top 10 stock positions decreased from 11 to 0 for a decrease of 11. Sold All: 122 Reduced: 201 Increased: 158 New Position: 75.

Newell Brands Inc. designs, sources, and distributes consumer and commercial products worldwide. The company has market cap of $13.04 billion. The firm offers markers and highlighters, pens, and pencils; art products; activity adhesive and cutting products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Prismacolor, Mr.Sketch, Elmer's, X-Acto, Parker, Waterman, and Dymo Office brands. It has a 4.77 P/E ratio. It also provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, and cutlery products; and hair care accessories under the Rubbermaid, Contigo, bubba, Calphalon, and Goody brands; and home fragrance products under the WoodWick Candle brand.

The stock decreased 1.25% or $0.34 during the last trading session, reaching $26.84. About 3.94 million shares traded. Newell Brands Inc. (NYSE:NWL) has declined 47.20% since April 26, 2017 and is downtrending. It has underperformed by 58.75% the S&P500.

Analysts await Newell Brands Inc. (NYSE:NWL) to report earnings on May, 14. They expect $0.27 EPS, down 20.59 % or $0.07 from last year’s $0.34 per share. NWL’s profit will be $131.13M for 24.85 P/E if the $0.27 EPS becomes a reality. After $0.68 actual EPS reported by Newell Brands Inc. for the previous quarter, Wall Street now forecasts -60.29 % negative EPS growth.

Glenview Capital Management Llc holds 2.84% of its portfolio in Newell Brands Inc. for 17.01 million shares. Rock Point Advisors Llc owns 182,532 shares or 2.63% of their US portfolio. Moreover, Lathrop Investment Management Corp has 2.39% invested in the company for 281,430 shares. The California-based Spitfire Capital Llc has invested 2% in the stock. Crystal Rock Capital Management, a Illinois-based fund reported 95,196 shares.

Newell Brands Inc. (NYSE:NWL) Ratings Coverage

Ratings analysis reveals 29% of Newell Brands’s analysts are positive. Out of 14 Wall Street analysts rating Newell Brands, 4 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $25.0 while the high is $45.0. The stock’s average target of $32.42 is 20.79% above today’s ($26.84) share price. NWL was included in 25 notes of analysts from October 31, 2017. The stock of Newell Brands Inc. (NYSE:NWL) earned “Hold” rating by J.P. Morgan on Thursday, November 2. The stock has “Neutral” rating by JP Morgan on Tuesday, February 20. The firm has “Buy” rating given on Friday, November 3 by Citigroup. The rating was downgraded by Barclays Capital on Thursday, January 25 to “Hold”. BMO Capital Markets maintained the shares of NWL in report on Thursday, January 25 with “Hold” rating. The rating was upgraded by Wells Fargo on Monday, April 16 to “Buy”. On Monday, February 12 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Newell Brands Inc. (NYSE:NWL) has “Hold” rating given on Tuesday, March 27 by SunTrust. The stock of Newell Brands Inc. (NYSE:NWL) has “Neutral” rating given on Thursday, November 2 by JP Morgan. RBC Capital Markets downgraded Newell Brands Inc. (NYSE:NWL) rating on Friday, November 3. RBC Capital Markets has “Outperform” rating and $35 target.

Newell Brands Inc. (NYSE:NWL) Institutional Positions Chart

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