Newell Brands (NASDAQ:NWL) Trading 5% Higher - Still a Buy?

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) were up 5% during mid-day trading on Tuesday . The company traded as high as $6.75 and last traded at $6.78. Approximately 3,126,956 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 7,783,701 shares. The stock had previously closed at $6.45.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Truist Financial upgraded shares of Newell Brands from a "hold" rating to a "buy" rating and raised their price target for the company from $10.00 to $17.00 in a report on Monday, December 9th. Wells Fargo & Company cut their price target on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. UBS Group raised their price target on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. Finally, Citigroup cut their price target on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating on the stock in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Newell Brands has a consensus rating of "Hold" and an average price target of $10.81.

Remove Ads

Newell Brands Stock Up 0.8 %

The business's 50 day moving average is $9.04 and its 200-day moving average is $8.60. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of -12.35, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89.

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

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.07 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 4.36%. Newell Brands's dividend payout ratio is -53.85%.

Insiders Place Their Bets

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Institutional Trading of Newell Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock valued at $144,695,000 after acquiring an additional 10,172,696 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Newell Brands during the 4th quarter valued at about $72,431,000. Victory Capital Management Inc. boosted its position in shares of Newell Brands by 5,324.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company's stock valued at $36,282,000 after acquiring an additional 4,637,180 shares in the last quarter. Norges Bank acquired a new stake in shares of Newell Brands during the 4th quarter valued at about $37,174,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Newell Brands by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock valued at $180,172,000 after acquiring an additional 3,188,718 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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.