Newell Brands Inc. (NASDAQ:NWL) Receives Average Rating of “Hold” from Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have received an average rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.52.

A number of brokerages recently commented on NWL. Barclays upgraded Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price for the company in a report on Tuesday, May 14th. Citigroup lifted their price target on Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Wells Fargo & Company decreased their target price on Newell Brands from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group upped their target price on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, April 29th.

Institutional Trading of Newell Brands

Hedge funds and other institutional investors have recently modified their holdings of the business. Philadelphia Trust Co. lifted its stake in Newell Brands by 0.8% in the fourth quarter. Philadelphia Trust Co. now owns 183,357 shares of the company’s stock valued at $1,592,000 after buying an additional 1,500 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of Newell Brands by 15.5% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 11,682 shares of the company’s stock valued at $101,000 after acquiring an additional 1,564 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Newell Brands by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 168,708 shares of the company’s stock worth $1,464,000 after buying an additional 1,650 shares during the period. Xcel Wealth Management LLC lifted its position in Newell Brands by 8.6% during the fourth quarter. Xcel Wealth Management LLC now owns 21,370 shares of the company’s stock worth $185,000 after buying an additional 1,700 shares during the period. Finally, Triumph Capital Management increased its stake in Newell Brands by 7.4% during the fourth quarter. Triumph Capital Management now owns 25,480 shares of the company’s stock worth $221,000 after acquiring an additional 1,760 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Down 0.2 %

Shares of NASDAQ NWL opened at $5.73 on Thursday. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. The firm’s fifty day moving average is $7.27 and its 200 day moving average is $7.65. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -7.96, a PEG ratio of 1.14 and a beta of 0.89. Newell Brands has a 52 week low of $5.39 and a 52 week high of $11.61.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. On average, equities research analysts expect that Newell Brands will post 0.6 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.07 per share. The ex-dividend date was Friday, May 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.89%. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

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.