First Financial Bank Trust Division acquired a new position in shares of Newell Brands Inc. (NYSE:NWL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 38,738 shares of the company’s stock, valued at approximately $2,078,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Newell Brands by 26.4% in the fourth quarter. AQR Capital Management LLC now owns 46,776 shares of the company’s stock valued at $2,089,000 after buying an additional 9,778 shares during the last quarter. Quadrature Capital Ltd raised its position in Newell Brands by 15.1% in the fourth quarter. Quadrature Capital Ltd now owns 26,354 shares of the company’s stock valued at $1,177,000 after buying an additional 3,466 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Newell Brands by 9.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,115,402 shares of the company’s stock valued at $94,452,000 after buying an additional 187,725 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Newell Brands by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 2,173,617 shares of the company’s stock valued at $97,052,000 after buying an additional 22,911 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Newell Brands during the fourth quarter valued at about $1,563,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Newell Brands Inc. (NYSE NWL) opened at 50.69 on Monday. The stock has a 50 day moving average price of $53.31 and a 200-day moving average price of $49.86. Newell Brands Inc. has a 52 week low of $43.43 and a 52 week high of $55.45. The stock has a market cap of $24.49 billion, a P/E ratio of 21.52 and a beta of 1.17.

Newell Brands (NYSE:NWL) last issued its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Equities analysts predict that Newell Brands Inc. will post $3.12 EPS for the current fiscal year.

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Several research analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 target price on shares of Newell Brands in a research report on Monday. BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a research report on Saturday. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, August 1st. Finally, BidaskClub lowered Newell Brands from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Newell Brands currently has an average rating of “Buy” and a consensus price target of $58.21.

In related news, Director Thomas E. Clarke sold 5,353 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total value of $280,978.97. Following the completion of the transaction, the director now owns 66,286 shares of the company’s stock, valued at approximately $3,479,352.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.97% of the company’s stock.

About Newell Brands

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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