Newell Brands Inc. (NWL) Position Maintained by Whittier Trust Co.
Whittier Trust Co. continued to hold its position in shares of Newell Brands Inc. (NYSE:NWL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,737 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Newell Brands were worth $308,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of NWL. Harfst & Associates Inc. purchased a new position in shares of Newell Brands during the first quarter valued at about $103,000. Israel Discount Bank of New York purchased a new position in shares of Newell Brands during the first quarter valued at about $112,000. Parallel Advisors LLC boosted its position in shares of Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock valued at $132,000 after buying an additional 544 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Newell Brands during the first quarter valued at about $156,000. Finally, Duncker Streett & Co. Inc. bought a new position in Newell Brands during the first quarter worth $186,000. 94.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Newell Brands Inc. (NWL) traded down 0.98% during midday trading on Friday, hitting $49.66. The stock had a trading volume of 2,958,457 shares. The company’s 50-day moving average price is $52.25 and its 200-day moving average price is $50.17. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 19.83 and a beta of 1.17. Newell Brands Inc. has a 12-month low of $43.43 and a 12-month high of $55.08.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. Equities research analysts forecast that Newell Brands Inc. will post $3.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s payout ratio is 36.95%.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, July 12th. UBS AG set a $60.00 price target on Newell Brands and gave the stock a “buy” rating in a report on Tuesday, May 9th. Jefferies Group LLC boosted their price target on Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, BMO Capital Markets set a $51.00 price target on Newell Brands and gave the stock a “hold” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.07.
Newell Brands Company Profile
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.
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