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

Newell Brands Inc. (NASDAQ:NWL) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.00.

A number of research firms have recently commented on NWL. Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Canaccord Genuity Group boosted their price target on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company lifted their price target on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Newell Brands by 8.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company’s stock valued at $18,077,000 after buying an additional 215,759 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Newell Brands by 19.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,415 shares of the company’s stock valued at $599,000 after buying an additional 15,273 shares during the period. Signaturefd LLC grew its stake in shares of Newell Brands by 24.7% during the second quarter. Signaturefd LLC now owns 19,908 shares of the company’s stock valued at $128,000 after buying an additional 3,945 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Newell Brands in the second quarter worth approximately $26,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Newell Brands by 5.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 112,448 shares of the company’s stock worth $721,000 after acquiring an additional 6,273 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of Newell Brands stock opened at $9.96 on Thursday. The firm has a market cap of $4.14 billion, a PE ratio of -16.60, a price-to-earnings-growth ratio of 1.02 and a beta of 0.90. The company’s fifty day simple moving average is $9.65 and its two-hundred day simple moving average is $8.02. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands has a 12-month low of $5.39 and a 12-month high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Newell Brands will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.81%. 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.