Newell Brands (NASDAQ:NWL) Trading Down 4.3% on Analyst Downgrade

Newell Brands Inc. (NASDAQ:NWL) shares were down 4.3% during mid-day trading on Tuesday after Wells Fargo & Company lowered their price target on the stock from $7.00 to $6.00. Wells Fargo & Company currently has an equal weight rating on the stock. Newell Brands traded as low as $4.82 and last traded at $4.78. Approximately 1,037,097 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 6,599,211 shares. The stock had previously closed at $4.99.

A number of other equities analysts have also recently issued reports on NWL. Citigroup dropped their price target on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank of Canada decreased their price target on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, February 10th. UBS Group boosted their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Canaccord Genuity Group reduced their price objective on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.69.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Newell Brands by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock valued at $39,761,000 after acquiring an additional 178,028 shares in the last quarter. Amundi grew its holdings in shares of Newell Brands by 194.4% during the fourth quarter. Amundi now owns 215,597 shares of the company’s stock valued at $2,121,000 after buying an additional 142,361 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Newell Brands in the 4th quarter valued at $9,877,000. Empowered Funds LLC increased its holdings in shares of Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after purchasing an additional 88,483 shares during the period. Finally, AssuredPartners Investment Advisors LLC purchased a new position in shares of Newell Brands during the 4th quarter valued at about $434,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The stock has a fifty day simple moving average of $6.21 and a 200-day simple moving average of $8.25. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -8.90, a P/E/G ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $0.22 earnings per share. On average, equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 6.05%. Newell Brands’s dividend payout ratio 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.