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

Newell Brands Inc. (NASDAQ:NWL) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.81.

Several research firms have recently weighed in on NWL. JPMorgan Chase & Co. boosted their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Barclays boosted their price target on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Canaccord Genuity Group reduced their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company dropped their price target on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th.

Newell Brands Stock Performance

NWL opened at $6.80 on Friday. The business’s 50-day simple moving average is $9.50 and its 200 day simple moving average is $8.63. Newell Brands has a 52-week low of $5.39 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The firm has a market capitalization of $2.83 billion, a PE ratio of -13.08, a PEG ratio of 0.96 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, sell-side analysts expect that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.12%. Newell Brands’s payout ratio is presently -53.85%.

Insider Activity at Newell Brands

In related news, 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 transaction of $240,666.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Newell Brands

Several large investors have recently modified their holdings of NWL. Castlekeep Investment Advisors LLC acquired a new position in Newell Brands in the fourth quarter valued at about $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands in the 4th quarter valued at approximately $46,000. Venturi Wealth Management LLC acquired a new position in shares of Newell Brands in the 3rd quarter valued at approximately $70,000. Claro Advisors LLC bought a new stake in shares of Newell Brands during the 3rd quarter worth approximately $79,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after acquiring an additional 4,617 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

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.