Newell Brands Inc. (NWL) Stake Maintained by First Merchants Corp
First Merchants Corp held its stake in shares of Newell Brands Inc. (NYSE:NWL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,404 shares of the company’s stock at the end of the second quarter. First Merchants Corp’s holdings in Newell Brands were worth $451,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of NWL. Harfst & Associates Inc. purchased a new stake in shares of Newell Brands during the first quarter valued at $103,000. Israel Discount Bank of New York purchased a new stake in shares of Newell Brands during the first quarter valued at $112,000. Parallel Advisors LLC boosted its stake 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. purchased a new stake in shares of Newell Brands during the first quarter valued at $156,000. Finally, CHICAGO TRUST Co NA purchased a new stake in shares of Newell Brands during the second quarter valued at $204,000. 94.42% of the stock is currently owned by institutional investors.
Newell Brands Inc. (NYSE:NWL) traded down 0.40% on Friday, reaching $50.00. The company’s stock had a trading volume of 2,333,041 shares. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 19.97 and a beta of 1.17. Newell Brands Inc. has a 1-year low of $43.43 and a 1-year high of $55.45. The firm’s 50 day moving average price is $52.68 and its 200-day moving average price is $50.04.
Newell Brands (NYSE:NWL) last posted its quarterly 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 business 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%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. Equities analysts forecast that Newell Brands Inc. will post $3.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid 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 1.84%. Newell Brands’s payout ratio is presently 36.95%.
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NWL has been the topic of a number of recent research reports. BMO Capital Markets set a $51.00 target price on Newell Brands and gave the stock a “hold” rating in a research note on Saturday, August 5th. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, July 12th. B. Riley reaffirmed a “buy” rating and set a $71.00 price objective on shares of Newell Brands in a research report on Friday, April 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently 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.
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