Guru Steven Cohen (Trades, Portfolio), a multibillionaire and the founder of Point72 Asset Management, increased his stake in Newell Brands Inc. (NWL, Financial) by 435.53% in the first quarter, adding 2,662,369 company shares to his portfolio.
Newell Brands was founded in Ogdensburg, New York, in 1903 and is incorporated in Delaware. Newell Rubbermaid is a global marketer of consumer and commercial products that are designed to help people get more out of life every day. Its five business segments include: Home Solutions, Writing, Tools, Commercial Products and Baby and Parenting.
Newell Rubbermaid offers the following products for Home Solutions: Rubbermaid, Contigo, Bubba, Calphalon, Levolor and Goody. For Writing: Sharpie, Paper Mate, Expo, Prismacolor, Mr. Sketch, Elmer’s, X-Acto, Parker, Waterman and Dymo Office. For Tools: Irwin, Lenox, Hilmor and Dymo Industrial. For Commercial Products: Rubbermaid Commercial Products. For Baby and Parenting the company offers Graco, Baby Jogger, Aprica and Teutonia products.
Newell Brands has a market cap of $12.72 billion, an enterprise value of $15.92 billion, a P/E ratio of 37.93, a P/B ratio of 7.14 and dividend yield of 1.59.
According to GuruFocus Newell Brands has a 5/10 financial strength rating with a 0.72 cash to debt ratio ranking it higher than 51% of the 1,593 companies in the Global household & personal products industry.
Newell Brands is also traded in Germany and Mexico.
Cohen spent his youth as an avid poker player, and that is how he claims to have learned about taking risks. It is possible that Cohen allocated his stake by 435.53% in Newell Brands because the company has been expanding its operations. According to GuruFocus Newell Brands has an operating margin of 10.54% which ranks it higher than 73% of the companies in its industry. Newell Brands' ROE is 23.33% according to GuruFocus, which ranks the company higher than 83% of the companies in its industry.
These two factors combined with Newell Brands having 113 years of experience in its industry could easily have influenced Cohen.
Below is a Peter Lynch Chart for Newell Brands.
Cheers to your investment success.
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