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

Newell Brands Inc. (NASDAQ:NWL) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.81.

A number of research firms have weighed in on NWL. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. UBS Group upped their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Wells Fargo & Company cut their price objective on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, Royal Bank of Canada cut their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, February 10th.

Newell Brands Trading Up 1.4 %

NASDAQ NWL opened at $6.64 on Tuesday. Newell Brands has a twelve month low of $5.39 and a twelve month high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -12.77, a PEG ratio of 0.95 and a beta of 0.88. The firm’s 50 day moving average price is $8.27 and its two-hundred day moving average price is $8.56.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the company posted $0.22 EPS. Equities analysts anticipate that Newell Brands will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 4.22%. Newell Brands’s dividend payout ratio is currently -53.85%.

Hedge Funds Weigh In On Newell Brands

Large investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of Newell Brands by 233.6% in the 4th quarter. FMR LLC now owns 14,527,609 shares of the company’s stock valued at $144,695,000 after acquiring an additional 10,172,696 shares during the period. Hennessy Advisors Inc. acquired a new stake in Newell Brands in the 4th quarter worth about $72,431,000. Norges Bank acquired a new stake in Newell Brands in the 4th quarter worth about $37,174,000. Dimensional Fund Advisors LP raised its stake in Newell Brands by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company’s stock worth $180,172,000 after purchasing an additional 3,188,718 shares in the last quarter. Finally, FIL Ltd raised its position in shares of Newell Brands by 109.2% in the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company’s stock valued at $56,980,000 after buying an additional 2,986,426 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Company Profile

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.