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

Newell Brands Inc. (NASDAQ:NWL) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.70.

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Canaccord Genuity Group boosted their target price on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price target on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their price objective on Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Finally, Barclays upped their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th.

Newell Brands Trading Down 4.8 %

NWL opened at $9.96 on Monday. Newell Brands has a 1-year low of $5.39 and a 1-year high of $11.78. The stock has a market capitalization of $4.14 billion, a PE ratio of -16.60, a PEG ratio of 0.91 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $8.61.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio is currently -46.67%.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now directly owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its stake in shares of 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 acquiring an additional 4,056 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Newell Brands in the third quarter valued at $70,000. Atomi Financial Group Inc. acquired a new stake in Newell Brands in the 3rd quarter valued at $79,000. Claro Advisors LLC bought a new stake in Newell Brands during the 3rd quarter worth about $79,000. Finally, Versant Capital Management Inc boosted its stake in shares of Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after buying an additional 1,666 shares during the last quarter. 92.50% of the stock is 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.