Eads & Heald Investment Counsel reduced its stake in shares of Newell Brands Inc. (NYSE:NWL) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,119 shares of the company’s stock after selling 1,545 shares during the period. Eads & Heald Investment Counsel’s holdings in Newell Brands were worth $1,776,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Harfst & Associates Inc. purchased a new stake in shares of Newell Brands during the first quarter valued at about $103,000. Israel Discount Bank of New York purchased a new stake in shares of Newell Brands during the first quarter valued at about $112,000. Parallel Advisors LLC raised 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 about $156,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Newell Brands during the first quarter valued at about $186,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Newell Brands Inc. (NYSE:NWL) opened at 50.69 on Friday. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.45. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 21.52 and a beta of 1.17. The stock has a 50 day moving average price of $53.31 and a 200 day moving average price of $49.86.

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, meeting the Thomson Reuters’ consensus estimate of $0.87. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Analysts anticipate that Newell Brands Inc. will post $3.12 earnings per share for the current fiscal year.

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NWL has been the topic of several research reports. BidaskClub upgraded Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Saturday, July 1st. UBS AG set a $60.00 price objective on Newell Brands and gave the company a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC boosted their price objective on Newell Brands from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.29.

In related news, Director Thomas E. Clarke sold 5,353 shares of the business’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 $3,479,352.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company’s stock.

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

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