First Midwest Bank Trust Division Lowers Position in Newell Brands Inc (NYSE:NWL)

First Midwest Bank Trust Division lessened its position in Newell Brands Inc (NYSE:NWL) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 388,310 shares of the company’s stock after selling 24,125 shares during the quarter. Newell Brands makes up about 0.9% of First Midwest Bank Trust Division’s investment portfolio, making the stock its 25th largest holding. First Midwest Bank Trust Division owned about 0.09% of Newell Brands worth $5,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in shares of Newell Brands in the 1st quarter worth $31,000. LifePlan Financial Group Inc purchased a new position in shares of Newell Brands in the 2nd quarter worth $40,000. CSat Investment Advisory L.P. boosted its stake in shares of Newell Brands by 163.6% in the 1st quarter. CSat Investment Advisory L.P. now owns 3,110 shares of the company’s stock worth $48,000 after buying an additional 1,930 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Newell Brands by 195.7% in the 1st quarter. Quadrant Capital Group LLC now owns 4,175 shares of the company’s stock worth $62,000 after buying an additional 2,763 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Newell Brands in the 1st quarter worth $75,000. Institutional investors own 98.42% of the company’s stock.

NWL has been the topic of a number of research reports. Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Consumer Edge initiated coverage on Newell Brands in a research report on Wednesday, July 3rd. They set a “hold” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.80.

NYSE NWL traded up $0.57 on Tuesday, hitting $14.75. 2,442,818 shares of the company traded hands, compared to its average volume of 5,928,504. The firm has a market cap of $5.96 billion, a P/E ratio of 5.36, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. The business has a 50 day simple moving average of $14.84. Newell Brands Inc has a 52-week low of $13.04 and a 52-week high of $27.04.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, May 3rd. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. Newell Brands’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current year.

Newell Brands Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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

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