Newell Brands Inc. (NASDAQ:NWL) Given Consensus Recommendation of "Hold" by Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) have earned a consensus rating of "Hold" from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.53.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their price target on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised shares of Newell Brands from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $6.00 to $7.00 in a research report on Friday, June 13th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a report on Monday, April 28th. Wells Fargo & Company lowered their price objective on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, Truist Financial cut their target price 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.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its holdings in shares of Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,125 shares in the last quarter. Signaturefd LLC increased its holdings in Newell Brands by 12.4% in the fourth quarter. Signaturefd LLC now owns 14,025 shares of the company's stock valued at $140,000 after buying an additional 1,550 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Newell Brands by 14.5% in the fourth quarter. Quadrant Capital Group LLC now owns 13,551 shares of the company's stock valued at $135,000 after buying an additional 1,713 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Newell Brands by 10.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 18,149 shares of the company's stock valued at $181,000 after buying an additional 1,780 shares in the last quarter. Finally, Argent Trust Co raised its stake in shares of Newell Brands by 9.3% during the 4th quarter. Argent Trust Co now owns 23,447 shares of the company's stock worth $234,000 after buying an additional 2,000 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Up 1.6%

Shares of NASDAQ NWL traded up $0.08 during trading hours on Thursday, hitting $5.20. 5,671,279 shares of the stock were exchanged, compared to its average volume of 7,778,954. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78. The firm has a fifty day moving average price of $5.34 and a 200-day moving average price of $7.14. The company has a quick ratio of 0.54, a current ratio of 1.13 and a debt-to-equity ratio of 1.68. The company has a market cap of $2.17 billion, a PE ratio of -8.81 and a beta of 0.97.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. Newell Brands's revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Newell Brands will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.38%. The ex-dividend date was Friday, May 30th. 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.