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

Newell Brands Inc. (NASDAQ:NWL) has received a consensus rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.90.

NWL has been the topic of several analyst reports. 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 research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday, July 29th. JPMorgan Chase & Co. reduced their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Royal Bank of Canada upped their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Truist Financial lifted their price target on shares of Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in shares of Newell Brands by 3.5% during the 3rd 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 in the last quarter. Centaurus Financial Inc. boosted its stake in Newell Brands by 5.9% during the second quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after buying an additional 1,762 shares in the last quarter. Arizona State Retirement System increased its holdings in Newell Brands by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock valued at $745,000 after buying an additional 2,394 shares during the period. Tidal Investments LLC raised its stake in shares of Newell Brands by 3.0% in the 1st quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock valued at $671,000 after buying an additional 2,407 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Newell Brands by 9.9% during the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company’s stock worth $177,000 after acquiring an additional 2,490 shares during the period. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Trading Down 1.5 %

Shares of NASDAQ NWL opened at $9.18 on Wednesday. The business has a 50 day simple moving average of $7.82 and a 200 day simple moving average of $7.47. Newell Brands has a 52 week low of $5.39 and a 52 week high of $9.68. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -15.30, a PEG ratio of 0.85 and a beta of 0.89. 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 earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, research analysts predict that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.05%. Newell Brands’s dividend payout ratio (DPR) is currently -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.