Newell Brands Inc. (NASDAQ:NWL) Receives $10.81 Average PT from Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have been given an average rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.81.

A number of brokerages have recently weighed in on NWL. UBS Group upped their target price on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Royal Bank of Canada cut their target price 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. Wells Fargo & Company lowered their price target on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Barclays increased their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. upped their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th.

Insider Activity

In related news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Newell Brands

Hedge funds have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands in the fourth quarter worth $33,000. Harvest Fund Management Co. Ltd bought a new stake in Newell Brands in the 4th quarter valued at $46,000. Smartleaf Asset Management LLC grew its position in Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after purchasing an additional 4,617 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of Newell Brands during the third quarter valued at about $70,000. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Performance

Newell Brands stock opened at $6.80 on Friday. Newell Brands has a 52 week low of $5.39 and a 52 week 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 firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -13.08, a P/E/G ratio of 0.95 and a beta of 0.89. The company has a 50 day moving average price of $9.41 and a 200 day moving average price of $8.64.

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

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.12%. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

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.