Newell Brands (NASDAQ:NWL) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Newell Brands (NASDAQ:NWL) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks reports.

Other equities analysts also recently issued reports about the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $5.75 price objective on shares of Newell Brands in a report on Thursday, August 6th. Citigroup upped their price target on shares of Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of Newell Brands in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group raised their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Newell Brands has an average rating of “Hold” and a consensus price target of $6.66.

Newell Brands Trading Down 5.0%

Shares of Newell Brands stock opened at $5.94 on Monday. The firm has a 50-day simple moving average of $5.70 and a two-hundred day simple moving average of $4.66. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. Newell Brands has a fifty-two week low of $3.07 and a fifty-two week high of $7.13. The company has a market cap of $2.53 billion, a P/E ratio of -11.21, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $0.24 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. As a group, equities analysts predict that Newell Brands will post 0.76 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, August 31st. This represents a $0.28 annualized dividend and a yield of 4.7%. Newell Brands’s dividend payout ratio is -52.83%.

Insider Activity at Newell Brands

In related news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total value of $616,000.00. Following the sale, the insider owned 433,398 shares of the company’s stock, valued at $2,669,731.68. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.64% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LP lifted its position in shares of Newell Brands by 532.5% during the 2nd quarter. Corient Private Wealth LP now owns 220,800 shares of the company’s stock worth $1,356,000 after purchasing an additional 185,892 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Newell Brands in the second quarter valued at $171,000. California State Teachers Retirement System raised its stake in Newell Brands by 497.8% in the second quarter. California State Teachers Retirement System now owns 2,991,979 shares of the company’s stock valued at $18,371,000 after buying an additional 2,491,493 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Newell Brands by 34.7% during the 2nd quarter. HB Wealth Management LLC now owns 38,583 shares of the company’s stock worth $237,000 after buying an additional 9,935 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in Newell Brands during the 2nd quarter worth about $3,851,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.