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

Newell Brands Inc. (NASDAQ:NWL) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.00.

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

Newell Brands Stock Performance

Shares of NASDAQ:NWL opened at $9.96 on Thursday. The firm’s 50 day simple moving average is $9.65 and its 200-day simple moving average is $8.02. 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. Newell Brands has a one year low of $5.39 and a one year high of $11.78. 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 (NASDAQ:NWL) last posted its quarterly earnings results 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 positive return on equity of 10.22% and a negative net margin of 3.22%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts predict that Newell Brands will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio is presently -46.67%.

Insider Activity at Newell Brands

In related news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Rothschild Investment LLC purchased a new position in Newell Brands in the 2nd quarter valued at about $26,000. Quarry LP lifted its holdings in Newell Brands by 104.4% in the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after purchasing an additional 4,056 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Newell Brands during the 3rd quarter worth $70,000. Atomi Financial Group Inc. purchased a new stake in shares of Newell Brands during the third quarter worth $79,000. Finally, Claro Advisors LLC acquired a new stake in shares of Newell Brands in the third quarter valued at about $79,000. 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.