NN Investment Partners Holdings N.V. continued to hold its 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 firm owned 3,101 shares of the company’s stock at the end of the second quarter. NN Investment Partners Holdings N.V.’s holdings in Newell Brands were worth $166,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its stake in Newell Brands by 0.5% in the first quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock worth $337,000 after buying an additional 39 shares during the period. Cleararc Capital Inc. increased its stake in Newell Brands by 0.5% in the first quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock worth $514,000 after buying an additional 51 shares during the period. Savant Capital LLC increased its stake in Newell Brands by 1.9% in the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock worth $230,000 after buying an additional 90 shares during the period. FTB Advisors Inc. increased its stake in shares of Newell Brands by 1.9% in the first quarter. FTB Advisors Inc. now owns 7,088 shares of the company’s stock worth $334,000 after buying an additional 134 shares during the period. Finally, United Asset Strategies Inc. increased its stake in shares of Newell Brands by 2.8% in the first quarter. United Asset Strategies Inc. now owns 4,887 shares of the company’s stock worth $231,000 after buying an additional 135 shares during the period. 94.87% of the stock is owned by institutional investors and hedge funds.
Shares of Newell Brands Inc. (NYSE: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 capitalization of $24.34 billion, a PE ratio of 19.83 and a beta of 1.17. Newell Brands Inc. has a 1-year low of $43.43 and a 1-year high of $55.08.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Newell Brands Inc. will post $3.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.85%. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.
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NWL has been the subject of a number of recent research reports. Wells Fargo & Company downgraded Newell Brands from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a research report on Monday, May 1st. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the company a “hold” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co set a $61.00 target price on Newell Brands and gave the company a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Newell Brands in a report on Thursday, June 8th. Finally, BidaskClub upgraded Newell Brands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Newell Brands has an average 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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