Newell Brands (NASDAQ:NWL) Trading Down 2.5% - Here's What Happened

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) shares were down 2.5% during trading on Tuesday . The stock traded as low as $5.38 and last traded at $5.35. Approximately 411,207 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 7,202,172 shares. The stock had previously closed at $5.48.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price target on shares of Newell Brands in a report on Monday, April 28th. Wells Fargo & Company reduced their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. 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 report on Thursday, May 1st. Citigroup decreased their price objective on Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Barclays lifted their target price on Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Newell Brands currently has a consensus rating of "Hold" and an average price target of $7.42.

Newell Brands Trading Up 1.6%

The business has a 50-day moving average of $5.37 and a 200-day moving average of $7.69. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -10.41, a PEG ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. Newell Brands's quarterly revenue was down 5.3% on a year-over-year basis. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands's dividend payout ratio is -47.46%.

Institutional Investors Weigh In On Newell Brands

A number of large investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC bought a new position in Newell Brands during the fourth quarter valued at about $33,000. Farther Finance Advisors LLC increased its holdings in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after acquiring an additional 4,169 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Newell Brands in the 4th quarter valued at approximately $46,000. NBC Securities Inc. lifted its holdings in Newell Brands by 146,542.9% in the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after purchasing an additional 10,258 shares during the last quarter. Finally, Vident Advisory LLC acquired a new stake in Newell Brands in the 1st quarter worth approximately $66,000. 92.50% of the stock is currently owned by institutional investors.

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.