Brokerages Set Newell Brands Inc. (NASDAQ:NWL) PT at $10.81

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.81.

Several research firms have recently commented on NWL. Canaccord Genuity Group lowered their price target on Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Truist Financial upgraded shares of Newell Brands from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Royal Bank of Canada dropped their price objective on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Barclays lifted their price target on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, UBS Group lifted their price target on Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th.

Insider Activity

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 shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.58% of the company's stock.

Institutional Trading of Newell Brands

A number of hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Newell Brands by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after acquiring an additional 82,337 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Newell Brands by 751.9% during the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock valued at $999,000 after acquiring an additional 88,483 shares in the last quarter. Citigroup Inc. increased its holdings in Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock worth $9,476,000 after purchasing an additional 88,164 shares during the last quarter. Versor Investments LP increased its stake in shares of Newell Brands by 135.6% in the third quarter. Versor Investments LP now owns 98,700 shares of the company's stock worth $758,000 after buying an additional 56,800 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Newell Brands in the 4th quarter valued at about $762,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Price Performance

NASDAQ:NWL remained flat at $6.80 on Friday. 9,815,208 shares of the company's stock traded hands, compared to its average volume of 7,760,258. The stock has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $8.63. The firm has a market capitalization of $2.83 billion, a PE ratio of -13.08, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period last year, the business earned $0.22 earnings per share. As a group, analysts anticipate that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.12%. Newell Brands's payout ratio is currently -53.85%.

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.