Newell Brands (NASDAQ:NWL) Stock Price Up 4.2% – What’s Next?

Newell Brands Inc. (NASDAQ:NWL) shares rose 4.2% during trading on Wednesday . The company traded as high as $7.68 and last traded at $7.66. Approximately 534,503 shares changed hands during trading, a decline of 90% from the average daily volume of 5,369,817 shares. The stock had previously closed at $7.35.

Analyst Upgrades and Downgrades

NWL has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their price objective on Newell Brands from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Canaccord Genuity Group upped their price objective on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Truist Financial upped their price objective on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.82.

Newell Brands Price Performance

The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -10.21, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The company has a 50 day simple moving average of $7.41 and a 200 day simple moving average of $7.31.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.21 by $0.15. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.05 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The firm’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, research analysts predict that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.72%. Newell Brands’s dividend payout ratio (DPR) is currently -38.89%.

Institutional Investors Weigh In On Newell Brands

A number of large investors have recently modified their holdings of NWL. Rothschild Investment LLC acquired a new stake in shares of Newell Brands in the second quarter valued at about $26,000. Quarry LP boosted its holdings in Newell Brands by 106.2% in the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after purchasing an additional 2,437 shares during the last quarter. NBC Securities Inc. boosted its holdings in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after purchasing an additional 1,780 shares during the last quarter. Gradient Investments LLC purchased a new position in Newell Brands in the second quarter valued at about $46,000. Finally, Innealta Capital LLC purchased a new position in Newell Brands in the second quarter valued at about $58,000. Institutional investors and hedge funds 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.