Newell Brands Inc. (NASDAQ:NWL) Given Average Recommendation of “Hold” by Analysts

Newell Brands Inc. (NASDAQ:NWL) has received an average rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.00.

A number of research firms recently weighed in on NWL. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group increased their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their price target on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th.

Newell Brands Stock Performance

Shares of NWL opened at $10.17 on Thursday. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of -16.95, a PEG ratio of 1.02 and a beta of 0.89. The firm has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $8.10. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Research analysts forecast that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio is currently -46.67%.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Newell Brands by 34.4% during the fourth quarter. GAMMA Investing LLC now owns 20,158 shares of the company’s stock worth $201,000 after acquiring an additional 5,156 shares during the period. Versant Capital Management Inc raised its holdings in Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after acquiring an additional 1,666 shares during the period. Principal Financial Group Inc. raised its stake in shares of Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock valued at $15,050,000 after purchasing an additional 82,337 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Newell Brands in the third quarter worth about $326,000. Finally, Virtu Financial LLC bought a new position in Newell Brands in the 3rd quarter valued at $225,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.