FineMark National Bank & Trust Lowers Stake in Newell Brands Inc. (NYSE:NWL)

FineMark National Bank & Trust cut its position in shares of Newell Brands Inc. (NYSE:NWL) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,293 shares of the company’s stock after selling 102 shares during the period. FineMark National Bank & Trust’s holdings in Newell Brands were worth $337,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Harfst & Associates Inc. purchased a new stake in shares of Newell Brands during the first quarter worth approximately $103,000. Israel Discount Bank of New York purchased a new stake in shares of Newell Brands during the first quarter worth approximately $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 during the last quarter. Oppenheimer Asset Management Inc. bought 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 shares of Newell Brands during the first quarter valued at about $186,000. 94.87% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Inc. (NWL) opened at 49.66 on Friday. The firm has a 50-day moving average price of $52.25 and a 200 day moving average price of $50.17. Newell Brands Inc. has a 52-week low of $43.43 and a 52-week high of $55.08. The stock has a market cap of $24.34 billion, a PE ratio of 19.83 and a beta of 1.17.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. Newell Brands’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. On average, analysts forecast that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 annualized dividend and a yield of 1.85%. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.

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Several research analysts recently issued reports on the company. 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 Wednesday, July 12th. UBS AG set a $60.00 target price on Newell Brands and gave the company a “buy” rating in a research report on Tuesday, May 9th. Jefferies Group LLC lifted their target price on Newell Brands from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a “hold” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.07.

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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