Newell Brands Inc. (NASDAQ:NWL - Get Free Report) insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Newell Brands Stock Up 3.8 %
Shares of NASDAQ NWL traded up $0.38 during mid-day trading on Friday, hitting $10.31. 6,915,266 shares of the stock traded hands, compared to its average volume of 5,494,230. 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 Inc. has a 52 week low of $5.39 and a 52 week high of $10.45. The company has a market cap of $4.29 billion, a price-to-earnings ratio of -17.22, a PEG ratio of 0.90 and a beta of 0.90. The stock has a fifty day moving average price of $8.52 and a 200-day moving average price of $7.64.
Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. Research analysts anticipate that Newell Brands Inc. will post 0.66 EPS for the current year.
Newell Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands's payout ratio is -46.67%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in NWL. Rothschild Investment LLC purchased a new position in Newell Brands during the second quarter valued at $26,000. Gradient Investments LLC purchased a new position in shares of Newell Brands in the second quarter worth $46,000. Quarry LP raised 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 worth $51,000 after purchasing an additional 4,056 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Newell Brands in the second quarter worth $58,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Newell Brands in the third quarter worth $70,000. Hedge funds and other institutional investors own 92.50% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on NWL. JPMorgan Chase & Co. reduced their price target on Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company lifted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Canaccord Genuity Group lifted their price objective on Newell Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup lowered Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. Finally, Barclays upgraded Newell Brands from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $8.00 to $10.00 in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $9.30.
View Our Latest Stock Analysis on NWL
Newell Brands Company Profile
(
Get Free Report)
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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