Tocqueville Asset Management L.P. trimmed its holdings in Newell Brands Inc (NYSE:NWL) by 57.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 361,005 shares of the company’s stock after selling 489,200 shares during the period. Tocqueville Asset Management L.P. owned about 0.09% of Newell Brands worth $5,567,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Eagle Boston Investment Management Inc. grew its stake in Newell Brands by 1.2% in the first quarter. Eagle Boston Investment Management Inc. now owns 60,686 shares of the company’s stock valued at $930,000 after acquiring an additional 743 shares during the period. Signaturefd LLC grew its stake in Newell Brands by 5.4% in the first quarter. Signaturefd LLC now owns 15,082 shares of the company’s stock valued at $231,000 after acquiring an additional 767 shares during the period. Truvestments Capital LLC grew its stake in Newell Brands by 21.4% in the second quarter. Truvestments Capital LLC now owns 5,912 shares of the company’s stock valued at $91,000 after acquiring an additional 1,044 shares during the period. Sigma Planning Corp lifted its holdings in shares of Newell Brands by 8.9% in the first quarter. Sigma Planning Corp now owns 13,367 shares of the company’s stock valued at $205,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Whitener Capital Management Inc. lifted its holdings in shares of Newell Brands by 7.3% in the first quarter. Whitener Capital Management Inc. now owns 19,894 shares of the company’s stock valued at $305,000 after purchasing an additional 1,350 shares in the last quarter. 98.42% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on NWL. Deutsche Bank cut their price target on Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Consumer Edge began coverage on Newell Brands in a report on Wednesday, July 3rd. They issued a “hold” rating on the stock. Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Zacks Investment Research upgraded Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, Barclays restated a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.30.
Newell Brands (NYSE:NWL) last released its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. On average, equities research analysts predict that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.92 annualized dividend and a yield of 5.84%. Newell Brands’s payout ratio is presently 33.45%.
About Newell Brands
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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