Newell Brands (NASDAQ:NWL) Shares Down 3.9% – Should You Sell?

Newell Brands Inc. (NASDAQ:NWL) shares traded down 3.9% during mid-day trading on Friday . The stock traded as low as $10.99 and last traded at $11.00. 368,233 shares were traded during trading, a decline of 93% from the average session volume of 5,531,976 shares. The stock had previously closed at $11.45.

Analysts Set New Price Targets

NWL has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company raised their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Truist Financial upgraded shares of 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 report on Monday, December 9th. Canaccord Genuity Group raised their target price on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

Newell Brands Stock Down 3.8 %

The stock has a fifty day moving average price of $8.96 and a two-hundred day moving average price of $7.77. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -18.35, a P/E/G ratio of 1.06 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share 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 analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.39 EPS. The business’s revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts expect that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 2.54%. Newell Brands’s dividend payout ratio is presently -46.67%.

Insider Transactions at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

Institutional Trading of Newell Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in Newell Brands during the second quarter worth about $26,000. Gradient Investments LLC bought a new stake in shares of Newell Brands during the 2nd quarter valued at approximately $46,000. Quarry LP increased its position in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after purchasing an additional 4,056 shares in the last quarter. Innealta Capital LLC acquired a new stake in Newell Brands in the second quarter valued at approximately $58,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Newell Brands during the third quarter worth $70,000. 92.50% of the stock is currently owned by institutional investors.

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.