Newell Brands (NASDAQ:NWL) Sets New 12-Month Low at $6.24

Shares of Newell Brands Inc. (NASDAQ:NWL) reached a new 52-week low on Thursday . The stock traded as low as $6.24 and last traded at $6.27, with a volume of 153448 shares trading hands. The stock had previously closed at $6.38.

Analyst Ratings Changes

Several brokerages have issued reports on NWL. Citigroup boosted their price objective on shares of Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Wells Fargo & Company upped their price target on shares of Newell Brands from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Canaccord Genuity Group lifted their price objective on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Barclays upgraded Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price on the stock in a report on Tuesday, May 14th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and a consensus price target of $8.70.

Newell Brands Trading Up 2.1 %

The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. The stock’s 50 day moving average price is $7.48 and its 200 day moving average price is $7.80.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company posted ($0.06) earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts expect that Newell Brands Inc. will post 0.6 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Friday, May 31st. Newell Brands’s dividend payout ratio is presently -38.89%.

Institutional Trading of Newell Brands

A number of hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in Newell Brands by 138.3% in the third quarter. HighTower Advisors LLC now owns 46,306 shares of the company’s stock valued at $416,000 after purchasing an additional 26,877 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Newell Brands by 5.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock valued at $275,000 after purchasing an additional 1,562 shares in the last quarter. FMR LLC boosted its stake in shares of Newell Brands by 481.6% during the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company’s stock valued at $48,819,000 after buying an additional 4,476,644 shares during the last quarter. Mariner LLC grew its position in shares of Newell Brands by 91.3% during the third quarter. Mariner LLC now owns 81,428 shares of the company’s stock worth $735,000 after buying an additional 38,867 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in shares of Newell Brands by 35.2% in the third quarter. Natixis Advisors L.P. now owns 436,080 shares of the company’s stock worth $3,938,000 after buying an additional 113,644 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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.