Newell Brands Inc. (NASDAQ:NWL) Receives Consensus Recommendation of "Hold" from Analysts

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has earned an average recommendation of "Hold" from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.00.

A number of equities research analysts have recently issued reports on NWL shares. Wells Fargo & Company boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Canaccord Genuity Group upped their price target on shares of Newell Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, Barclays raised Newell Brands from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. Company insiders own 0.58% of the company's stock.

Institutional Trading of Newell Brands

A number of hedge funds have recently made changes to their positions in NWL. Victory Capital Management Inc. increased its stake in shares of Newell Brands by 5,324.8% during the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company's stock worth $36,282,000 after purchasing an additional 4,637,180 shares during the period. Dimensional Fund Advisors LP grew its position 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 during the last quarter. Massachusetts Financial Services Co. MA increased its position in Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock worth $127,629,000 after purchasing an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Newell Brands by 17.7% during the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company's stock worth $90,054,000 after buying an additional 2,109,892 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company's stock worth $16,042,000 after purchasing an additional 1,314,514 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Performance

NWL traded up $0.02 during trading hours on Thursday, hitting $9.98. 3,535,716 shares of the stock were exchanged, compared to its average volume of 5,532,295. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78. The stock has a 50-day simple moving average of $9.65 and a 200-day simple moving average of $8.02. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of -16.63, a price-to-earnings-growth ratio of 1.02 and a beta of 0.90.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company's quarterly revenue was down 2.6% on a year-over-year basis. Analysts anticipate that Newell Brands will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.81%. Newell Brands's payout ratio is presently -46.67%.

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.