Brokerages Set Newell Brands Inc. (NASDAQ:NWL) PT at $8.70

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) have been given an average recommendation of "Hold" by the ten brokerages that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.70.

A number of equities research analysts have commented on the company. Royal Bank of Canada decreased their price target on Newell Brands from $9.00 to $7.50 and set a "sector perform" rating for the company in a research note on Monday, February 12th. UBS Group lowered shares of Newell Brands from a "buy" rating to a "neutral" rating and cut their price target for the company from $10.00 to $8.50 in a research note on Friday, February 16th. Barclays upgraded shares of Newell Brands from an "underweight" rating to an "equal weight" rating and set a $8.00 price objective for the company in a research note on Tuesday, May 14th. Canaccord Genuity Group boosted their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company increased their target price on Newell Brands from $7.00 to $8.00 and gave the company an "equal weight" rating in a report on Monday, April 29th.

Hedge Funds Weigh In On Newell Brands

Large investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Newell Brands by 481.6% in the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company's stock valued at $48,819,000 after acquiring an additional 4,476,644 shares during the period. Norges Bank purchased a new position in Newell Brands during the 4th quarter worth $32,781,000. Pzena Investment Management LLC increased its stake in Newell Brands by 4.5% in the third quarter. Pzena Investment Management LLC now owns 54,796,231 shares of the company's stock valued at $494,810,000 after purchasing an additional 2,373,356 shares during the period. Primecap Management Co. CA raised its holdings in shares of Newell Brands by 35.1% in the fourth quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company's stock valued at $73,884,000 after buying an additional 2,209,672 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Newell Brands by 368.3% during the third quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company's stock worth $18,298,000 after buying an additional 1,593,661 shares during the period. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Trading Down 2.9 %

NWL stock traded down $0.24 during midday trading on Wednesday, reaching $7.98. The company's stock had a trading volume of 3,278,566 shares, compared to its average volume of 4,853,866. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of -11.38, a PEG ratio of 1.53 and a beta of 0.95. Newell Brands has a 1 year low of $6.49 and a 1 year high of $11.61. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15. The stock has a fifty day simple moving average of $7.68 and a two-hundred day simple moving average of $7.88.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted ($0.06) EPS. Newell Brands's quarterly revenue was down 5.8% on a year-over-year basis. On average, equities research analysts predict that Newell Brands will post 0.6 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, May 31st. Newell Brands's dividend payout ratio (DPR) is -38.89%.

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.