CHICAGO TRUST Co NA lifted its holdings in shares of Newell Brands Inc. (NASDAQ:NWL – Get Rating) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,547 shares of the company’s stock after buying an additional 1,047 shares during the period. CHICAGO TRUST Co NA’s holdings in Newell Brands were worth $375,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in shares of Newell Brands by 33.8% during the 1st quarter. Sound Income Strategies LLC now owns 176,419 shares of the company’s stock worth $3,777,000 after buying an additional 44,576 shares during the last quarter. First National Bank of South Miami lifted its stake in Newell Brands by 24.5% in the 1st quarter. First National Bank of South Miami now owns 4,817 shares of the company’s stock valued at $103,000 after purchasing an additional 948 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in Newell Brands in the 1st quarter valued at about $1,234,000. DNB Asset Management AS lifted its stake in Newell Brands by 4.1% in the 1st quarter. DNB Asset Management AS now owns 70,474 shares of the company’s stock valued at $1,509,000 after purchasing an additional 2,806 shares during the last quarter. Finally, My Legacy Advisors LLC acquired a new stake in Newell Brands in the 1st quarter valued at about $385,000. Institutional investors own 84.07% of the company’s stock.
NWL has been the subject of several recent analyst reports. Raymond James cut their target price on shares of Newell Brands from $33.00 to $28.00 and set a “strong-buy” rating for the company in a research note on Monday, April 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Newell Brands from $25.00 to $22.00 in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, March 30th. Wells Fargo & Company cut their target price on shares of Newell Brands from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, TheStreet upgraded shares of Newell Brands from a “c+” rating to a “b” rating in a research report on Friday, April 29th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Newell Brands has an average rating of “Moderate Buy” and an average price target of $26.00.
Newell Brands (NASDAQ:NWL – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.09. Newell Brands had a net margin of 6.71% and a return on equity of 19.95%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts expect that Newell Brands Inc. will post 1.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were issued a dividend of $0.23 per share. The ex-dividend date was Friday, May 27th. This represents a $0.92 annualized dividend and a dividend yield of 5.04%. Newell Brands’s dividend payout ratio is presently 55.09%.
About Newell Brands (Get Rating)
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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