Newell Brands (NASDAQ:NWL) Trading Up 7.6% - Here's Why

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) rose 7.6% during trading on Monday . The company traded as high as $5.09 and last traded at $5.08. Approximately 1,598,332 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 6,585,355 shares. The stock had previously closed at $4.72.

Analyst Upgrades and Downgrades

NWL has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Barclays increased their price target on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. UBS Group lowered their price objective on shares of Newell Brands from $8.00 to $5.50 and set a "neutral" rating for the company in a research note on Thursday. Citigroup reduced their price target on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Newell Brands has an average rating of "Hold" and an average target price of $9.14.

Newell Brands Price Performance

The stock's 50-day moving average is $6.11 and its 200 day moving average is $8.21. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The company has a market cap of $1.96 billion, a PE ratio of -9.04, a PEG ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business posted $0.22 EPS. On average, equities analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.96%. The ex-dividend date was Friday, February 28th. Newell Brands's payout ratio is -53.85%.

Institutional Investors Weigh In On Newell Brands

Hedge funds have recently modified their holdings of the business. PFG Investments LLC raised its holdings in shares of Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after acquiring an additional 981 shares during the period. TriaGen Wealth Management LLC increased its position in Newell Brands by 1.7% during the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after purchasing an additional 991 shares during the last quarter. Arizona State Retirement System boosted its holdings in Newell Brands by 0.9% in the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,125 shares during the last quarter. Optas LLC grew its stake in shares of Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after buying an additional 1,306 shares during the period. Finally, Accurate Wealth Management LLC increased its holdings in shares of Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock worth $116,000 after buying an additional 1,531 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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.