Newell Brands Inc. (NASDAQ:NWL) Given Average Recommendation of “Hold” by Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $10.70.

NWL has been the topic of several analyst reports. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Barclays boosted their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Wells Fargo & Company lifted their target price on shares of Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Canaccord Genuity Group boosted their price objective on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, December 6th.

Insider Activity

In other news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction that occurred 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 transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were 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

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after purchasing an additional 4,056 shares during the period. Venturi Wealth Management LLC acquired a new stake in Newell Brands in the third quarter worth $70,000. Atomi Financial Group Inc. bought a new stake in Newell Brands in the third quarter valued at $79,000. Claro Advisors LLC acquired a new position in shares of Newell Brands during the third quarter valued at $79,000. Finally, Versant Capital Management Inc grew its position in shares of Newell Brands by 24.8% during the fourth 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. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Trading Up 2.4 %

Shares of Newell Brands stock opened at $10.66 on Monday. Newell Brands has a 1 year low of $5.39 and a 1 year high of $11.78. 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 business has a 50 day moving average price of $10.05 and a 200 day moving average price of $8.46. The company has a market capitalization of $4.43 billion, a P/E ratio of -17.77, a P/E/G ratio of 0.89 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.95 billion during 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 for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Sell-side analysts anticipate that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, November 29th. Newell Brands’s payout ratio 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.