Newell Brands (NASDAQ:NWL) Price Target Raised to $11.00

Newell Brands (NASDAQ:NWL) had its price objective upped by Barclays from $10.00 to $11.00 in a report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on the stock. UBS Group raised 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. JPMorgan Chase & Co. raised their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Canaccord Genuity Group raised their target price 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, Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Newell Brands presently has a consensus rating of “Hold” and a consensus target price of $10.70.

Newell Brands Stock Down 0.4 %

Shares of NASDAQ NWL opened at $10.12 on Friday. The stock has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $8.31. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -16.87, a PEG ratio of 0.86 and a beta of 0.89.

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

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.77%. Newell Brands’s payout ratio is -46.67%.

Insider Buying and Selling

In related 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 value of $179,200.00. Following the completion of the sale, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction that occurred on 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. 0.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. CIBC Asset Management Inc raised its stake in shares of Newell Brands by 3.5% in the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after purchasing an additional 1,345 shares during the last quarter. Accurate Wealth Management LLC raised its position in Newell Brands by 14.8% in the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after buying an additional 1,531 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in Newell Brands by 6.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 28,865 shares of the company’s stock valued at $287,000 after acquiring an additional 1,625 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after acquiring an additional 1,666 shares during the last quarter. Finally, Centaurus Financial Inc. grew its stake in shares of Newell Brands by 5.9% in the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after acquiring an additional 1,762 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

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.