Keybank National Association OH Increases Stake in Newell Brands Inc. (NWL)
Keybank National Association OH boosted its position in Newell Brands Inc. (NYSE:NWL) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 138,748 shares of the company’s stock after buying an additional 8,000 shares during the period. Keybank National Association OH’s holdings in Newell Brands were worth $7,440,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Investment Group LLC increased its position in Newell Brands by 2.0% in the second quarter. Bellwether Investment Group LLC now owns 5,501 shares of the company’s stock worth $295,000 after buying an additional 110 shares in the last quarter. DSAM Partners London Ltd purchased a new position in Newell Brands during the second quarter worth about $2,003,000. Capital Analysts LLC increased its position in Newell Brands by 10.1% in the second quarter. Capital Analysts LLC now owns 16,362 shares of the company’s stock worth $877,000 after buying an additional 1,502 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Newell Brands by 17.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 104,866 shares of the company’s stock worth $5,623,000 after buying an additional 15,455 shares in the last quarter. Finally, Buckingham Asset Management LLC purchased a new position in Newell Brands during the second quarter worth about $246,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Newell Brands Inc. (NYSE:NWL) opened at 47.59 on Wednesday. Newell Brands Inc. has a 52 week low of $43.43 and a 52 week high of $55.08. The stock has a market capitalization of $23.32 billion, a P/E ratio of 19.01 and a beta of 1.17. The firm has a 50 day moving average price of $51.59 and a 200 day moving average price of $50.23.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the company posted $0.78 EPS. Newell Brands’s revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that Newell Brands Inc. will post $3.12 earnings per share 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 issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is presently 36.95%.
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A number of research analysts recently issued reports on the company. Royal Bank Of Canada restated a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a research note on Tuesday. BidaskClub downgraded Newell Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the stock a “buy” rating in a research note on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and set a $65.00 price target (down previously from $66.00) on shares of Newell Brands in a research note on Monday, August 7th. Finally, BMO Capital Markets set a $51.00 price target on Newell Brands and gave the stock a “hold” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock 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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