Newell Brands Inc. (NASDAQ:NWL) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Newell Brands Inc. has received a consensus rating of "Moderate Buy" from eight analysts, with an average 12-month price target of $7.4375.
• The company recently reported earnings of $0.24 per share, matching analysts' expectations, but its revenue fell 4.8% year-over-year.
• Newell Brands announced a quarterly dividend of $0.07 per share, with a yield of 5.2%, to be paid on September 15th.

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.4375.

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group upped their target price on Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Truist Financial cut their price target on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $9.00 price objective on shares of Newell Brands in a report on Monday, April 28th. Finally, Wells Fargo & Company raised their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th.

Insider Transactions at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the transaction, the chief executive officer owned 52,007 shares in the company, valued at approximately $265,755.77. This represents a 14.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NWL. Cooper Creek Partners Management LLC boosted its position in shares of Newell Brands by 48.8% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company's stock worth $140,322,000 after purchasing an additional 8,526,698 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Newell Brands by 25.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock valued at $129,249,000 after purchasing an additional 4,273,541 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Newell Brands by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company's stock valued at $126,646,000 after purchasing an additional 2,336,840 shares during the period. Primecap Management Co. CA boosted its holdings in Newell Brands by 3.3% during the second quarter. Primecap Management Co. CA now owns 14,972,100 shares of the company's stock worth $80,849,000 after buying an additional 474,070 shares in the last quarter. Finally, State Street Corp grew its position in Newell Brands by 3.4% during the second quarter. State Street Corp now owns 14,568,603 shares of the company's stock worth $78,670,000 after buying an additional 474,995 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Down 0.6%

NWL traded down $0.03 on Friday, reaching $5.84. The company's stock had a trading volume of 695,079 shares, compared to its average volume of 9,088,877. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -9.94 and a beta of 0.96. Newell Brands has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average of $5.53 and a two-hundred day moving average of $5.84.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The company's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, analysts forecast that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, August 29th. Newell Brands's dividend payout ratio (DPR) is -47.46%.

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.