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

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.30.

Several equities research analysts recently weighed in on NWL shares. Citigroup lowered Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Barclays upgraded shares of Newell Brands from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group raised their price target on Newell Brands from $13.00 to $15.00 and gave the company a "buy" rating in a report on Friday.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 230,254 shares of the company's stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.58% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after purchasing an additional 82,337 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock valued at $9,476,000 after buying an additional 88,164 shares during the last quarter. Versor Investments LP grew its position in shares of Newell Brands by 135.6% during 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 in the last quarter. Primecap Management Co. CA increased its stake in shares of Newell Brands by 4.8% in the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company's stock worth $113,073,000 after buying an additional 674,015 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after acquiring an additional 2,668,384 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Stock Up 3.8 %

Shares of NWL traded up $0.38 during trading hours on Friday, reaching $10.31. The stock had a trading volume of 7,024,992 shares, compared to its average volume of 4,828,433. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -17.18, a P/E/G ratio of 0.93 and a beta of 0.90. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands has a 12 month low of $5.39 and a 12 month high of $10.44. The firm has a 50-day simple moving average of $8.57 and a 200 day simple moving average of $7.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The firm had revenue of $1.95 billion for 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 business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities research analysts predict that Newell Brands will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.07 dividend. 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 dividend payout ratio is presently -46.67%.

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.