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

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $8.82.

NWL has been the subject of a number of research analyst reports. Citigroup lowered Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. reduced their price objective on Newell Brands from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Monday, July 22nd. Canaccord Genuity Group increased their target price on Newell Brands from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their price target on shares of Newell Brands from $6.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, July 29th. Finally, Truist Financial increased their price objective 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.

Newell Brands Stock Performance

NASDAQ NWL traded down $0.17 on Tuesday, reaching $7.08. 6,479,766 shares of the stock were exchanged, compared to its average volume of 5,426,029. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. Newell Brands has a one year low of $5.39 and a one year high of $9.24. The firm has a market capitalization of $2.94 billion, a PE ratio of -9.88, a PEG ratio of 1.27 and a beta of 0.91. The company's 50-day simple moving average is $7.35 and its two-hundred day simple moving average is $7.34.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.15. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $0.24 EPS. Newell Brands's revenue for the quarter was down 7.8% compared to the same quarter last year. Analysts expect that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.95%. Newell Brands's dividend payout ratio is presently -38.89%.

Institutional Investors Weigh In On Newell Brands

A number of large investors have recently modified their holdings of NWL. Rothschild Investment LLC acquired a new position in shares of Newell Brands in the 2nd quarter valued at $26,000. Quarry LP increased its holdings in Newell Brands by 106.2% in the 4th quarter. Quarry LP now owns 4,731 shares of the company's stock worth $41,000 after buying an additional 2,437 shares during the period. Quest Partners LLC purchased a new position in Newell Brands during the 4th quarter worth approximately $45,000. NBC Securities Inc. raised its position in Newell Brands by 50.5% during the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company's stock worth $42,000 after buying an additional 1,780 shares during the last quarter. Finally, Gradient Investments LLC acquired a new stake in Newell Brands during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors 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.