The EVP & COO of Newell Brands (NYSE: NWL) is Buying Shares

By Carrie Williams

Today, the EVP & COO of Newell Brands (NYSE: NWL), William A. Burke, bought shares of NWL for $567.5K.

This is Burke’s first Buy trade following 17 Sell transactions. Following this transaction William A. Burke’s holding in the company was increased by 13.85% to a total of $4.37 million.

The company has a one-year high of $55.08 and a one-year low of $23.85. NWL’s market cap is $13.04B and the company has a P/E ratio of 10.25. Currently, Newell Brands has an average volume of 7.79M.

19 different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $28.63, reflecting a -5.0% downside.

The insider sentiment on Newell Brands has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

William A. Burke’s trades have generated a -17.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Writing, Home Solutions, Tools, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions, and Process Solutions.