Newell Brands (NASDAQ:NWL) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Newell Brands (NASDAQ:NWL) from an equal weight rating to an overweight rating in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $10.00 price objective on the stock, up from their prior price objective of $8.00.

Other research analysts also recently issued reports about the stock. 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 report on Friday, October 11th. Wells Fargo & Company raised their target price on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Royal Bank of Canada boosted their price target on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, Truist Financial boosted their target price on shares of Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.10.

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $9.12 on Wednesday. The company has a 50 day moving average price of $8.10 and a 200 day moving average price of $7.54. The firm has a market capitalization of $3.79 billion, a P/E ratio of -15.20, a PEG ratio of 0.83 and a beta of 0.89. 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 has a 52 week low of $5.39 and a 52 week high of $9.68.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Sell-side analysts expect that Newell Brands will post 0.66 EPS for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 3.07%. Newell Brands’s dividend payout ratio is presently -46.67%.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Newell Brands

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Newell Brands by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock valued at $15,050,000 after purchasing an additional 82,337 shares during the last quarter. Versor Investments LP raised its stake in Newell Brands by 135.6% during the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company’s stock worth $758,000 after acquiring an additional 56,800 shares in the last quarter. Dimensional Fund Advisors LP lifted 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. Primecap Management Co. CA boosted its stake in Newell Brands by 4.8% in the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock valued at $113,073,000 after acquiring an additional 674,015 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in shares of Newell Brands during the second quarter worth about $596,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.