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

Shares of Newell Brands Inc. (NASDAQ:NWL) have been given an average rating of “Hold” by the eleven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.30.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $8.00 to $10.00 in a research report on Wednesday, November 20th. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Wells Fargo & Company increased their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group lifted their price target on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday.

Newell Brands Stock Performance

Newell Brands stock opened at $10.31 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands has a one year low of $5.39 and a one year high of $10.44. The stock’s 50 day moving average price is $8.57 and its 200 day moving average price is $7.65. The firm has a market capitalization of $4.29 billion, a PE ratio of -17.18, a price-to-earnings-growth ratio of 0.93 and a beta of 0.90.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting 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 company 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 posted $0.39 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, sell-side analysts expect that Newell Brands will post 0.66 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.72%. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Insider Transactions at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction 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 available at this link. Also, insider Bradford R. Turner sold 20,000 shares of the 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 approximately $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of 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 buying an additional 4,637,180 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after acquiring an additional 2,668,384 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Newell Brands by 18.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after acquiring an additional 2,634,114 shares during the last quarter. Primecap Management Co. CA grew its position in Newell Brands by 17.7% in the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock worth $90,054,000 after acquiring an additional 2,109,892 shares in the last quarter. Finally, AQR Capital Management LLC increased 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 worth $16,042,000 after purchasing an additional 1,314,514 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

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.