Newell Brands Inc. (NASDAQ:NWL) Receives Consensus Rating of “Hold” from Brokerages

Newell Brands Inc. (NASDAQ:NWL) has been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.90.

Several research firms have recently commented on NWL. Truist Financial lifted their price target on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Wells Fargo & Company increased their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Canaccord Genuity Group lifted their target price on Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, October 28th.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Newell Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in Newell Brands by 5,324.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock valued at $36,282,000 after acquiring an additional 4,637,180 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after purchasing an additional 2,668,384 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Newell Brands by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after buying an additional 2,634,114 shares during the period. Primecap Management Co. CA lifted its position in Newell Brands by 17.7% in the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock worth $90,054,000 after buying an additional 2,109,892 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Newell Brands by 106.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock valued at $16,042,000 after buying an additional 1,314,514 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Stock Down 1.5 %

Newell Brands stock opened at $9.18 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The stock has a market capitalization of $3.82 billion, a PE ratio of -15.30, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89. The business has a 50 day simple moving average of $7.82 and a 200-day simple moving average of $7.47. Newell Brands has a 12 month low of $5.39 and a 12 month high of $9.68.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, analysts anticipate that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.05%. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

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.