Shares of Newell Brands Inc. (NASDAQ:NWL – Get Free Report) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.70.
Several analysts recently issued reports on the company. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Canaccord Genuity Group boosted their price target on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays upped their target price on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. UBS Group upped their target price on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upped their target price on Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th.
Newell Brands Stock Performance
Newell Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.72%. Newell Brands’s dividend payout ratio is currently -46.67%.
Insider Buying and Selling
In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $179,200.00. Following the completion of the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Newell Brands
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP increased its stake in shares of Newell Brands by 104.4% in the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Newell Brands in the third quarter valued at about $70,000. Atomi Financial Group Inc. acquired a new stake in shares of Newell Brands in the third quarter valued at about $79,000. Claro Advisors LLC acquired a new stake in shares of Newell Brands in the third quarter valued at about $79,000. Finally, Versant Capital Management Inc increased its stake in shares of Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after buying an additional 1,666 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.
Newell Brands Company Profile
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.
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