Farmers & Merchants Investments Inc. held its stake in shares of Newell Brands Inc. (NYSE:NWL) during the second quarter, Holdings Channel reports. The firm owned 64,482 shares of the company’s stock at the end of the second quarter. Farmers & Merchants Investments Inc.’s holdings in Newell Brands were worth $3,458,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its position in Newell Brands by 0.5% in the first quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock valued at $337,000 after buying an additional 39 shares during the last quarter. Cleararc Capital Inc. raised its position in shares of Newell Brands by 0.5% in the first quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock valued at $514,000 after buying an additional 51 shares in the last quarter. Savant Capital LLC raised its position in shares of Newell Brands by 1.9% in the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock valued at $230,000 after buying an additional 90 shares in the last quarter. FTB Advisors Inc. raised its position 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 valued at $334,000 after buying an additional 134 shares in the last quarter. Finally, United Asset Strategies Inc. raised its position 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 valued at $231,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 94.26% of the company’s stock.
Shares of Newell Brands Inc. (NYSE:NWL) traded down 0.55% during midday trading on Monday, hitting $52.61. The stock had a trading volume of 398,396 shares. The firm has a 50 day moving average of $53.40 and a 200-day moving average of $49.49. Newell Brands Inc. has a one year low of $43.43 and a one year high of $55.45. The company has a market cap of $25.42 billion, a P/E ratio of 22.33 and a beta of 1.17.
Newell Brands (NYSE:NWL) last issued its earnings results on Monday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 148.4% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. On average, analysts forecast that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on NWL. UBS AG set a $60.00 price objective on Newell Brands and gave the company a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $66.00 target price (up previously from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. BidaskClub downgraded Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price target on shares of Newell Brands in a research report on Thursday, June 8th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $58.56.
In related news, Director Thomas E. Clarke sold 5,353 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total value of $280,978.97. Following the completion of the transaction, the director now owns 66,286 shares of the company’s stock, valued at approximately $3,479,352.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.97% of the company’s stock.
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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