Newell Brands Inc. (NYSE:NWL) Shares Bought by Cohen Lawrence B

Cohen Lawrence B boosted its position in Newell Brands Inc. (NYSE:NWL) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,595 shares of the company’s stock after buying an additional 3,070 shares during the period. Cohen Lawrence B’s holdings in Newell Brands were worth $2,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Duncker Streett & Co. Inc. increased its position in shares of Newell Brands by 220.5% in the second quarter. Duncker Streett & Co. Inc. now owns 12,660 shares of the company’s stock worth $679,000 after buying an additional 8,710 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Newell Brands by 11.7% in the second quarter. Gulf International Bank UK Ltd now owns 151,053 shares of the company’s stock worth $8,099,000 after buying an additional 15,765 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Newell Brands by 95.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,001 shares of the company’s stock worth $214,000 after buying an additional 1,959 shares during the period. US Bancorp DE increased its position in shares of Newell Brands by 1.4% in the second quarter. US Bancorp DE now owns 220,653 shares of the company’s stock worth $11,831,000 after buying an additional 2,972 shares during the period. Finally, Sit Investment Associates Inc. increased its position in shares of Newell Brands by 727.6% in the second quarter. Sit Investment Associates Inc. now owns 191,175 shares of the company’s stock worth $10,251,000 after buying an additional 168,075 shares during the period. Hedge funds and other institutional investors own 94.42% of the company’s stock.

Shares of Newell Brands Inc. (NWL) traded down 0.40% during mid-day trading on Friday, reaching $50.00. 2,333,041 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $52.68 and a 200 day moving average of $50.04. The firm has a market capitalization of $24.51 billion, a P/E ratio of 19.97 and a beta of 1.17. Newell Brands Inc. has a one year low of $43.43 and a one year high of $55.45.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. On average, analysts forecast that Newell Brands Inc. will post $3.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is currently 36.95%.

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A number of research analysts have recently issued reports on the stock. J P Morgan Chase & Co set a $61.00 price target on shares of Newell Brands and gave the stock a “buy” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price target (down previously from $66.00) on shares of Newell Brands in a research report on Monday, August 7th. BMO Capital Markets set a $51.00 price target on shares of Newell Brands and gave the stock a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Newell Brands from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus 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.

Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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