Nippon Life Global Investors Americas Inc. Has $7,990,000 Stake in Newell Brands Inc. (NYSE:NWL)
Nippon Life Global Investors Americas Inc. held its position in Newell Brands Inc. (NYSE:NWL) during the second quarter, Holdings Channel reports. The firm owned 149,020 shares of the company’s stock at the end of the second quarter. Nippon Life Global Investors Americas Inc.’s holdings in Newell Brands were worth $7,990,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Harfst & Associates Inc. bought a new position in Newell Brands during the first quarter worth $103,000. Israel Discount Bank of New York bought a new position in Newell Brands during the first quarter worth $112,000. Parallel Advisors LLC raised its position in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Newell Brands during the first quarter worth $156,000. Finally, Duncker Streett & Co. Inc. bought a new position in Newell Brands during the first quarter worth $186,000. Institutional investors and hedge funds own 94.42% of the company’s stock.
Shares of Newell Brands Inc. (NYSE:NWL) opened at 50.00 on Friday. The firm’s 50-day moving average price is $52.68 and its 200-day moving average price is $50.04. The firm 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 12 month low of $43.43 and a 12 month high of $55.45.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Newell Brands Inc. will post $3.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 1.84%. Newell Brands’s dividend payout ratio is currently 36.95%.
A number of research firms recently weighed in on NWL. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 price target (up previously from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Saturday, July 1st. Wells Fargo & Company reiterated a “buy” rating on shares of Newell Brands in a research report on Saturday, April 22nd. BMO Capital Markets set a $51.00 price target on Newell Brands and gave the company a “hold” rating in a research report on Monday, May 8th. Finally, Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 price target on shares of Newell Brands in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Newell Brands currently has a consensus rating of “Buy” and an average target price 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.
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