Newell Brands (NASDAQ:NWL) Stock Price Down 4.3% on Analyst Downgrade

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) traded down 4.3% on Tuesday after UBS Group lowered their price target on the stock from $8.00 to $5.50. UBS Group currently has a neutral rating on the stock. Newell Brands traded as low as $4.82 and last traded at $4.78. 1,037,097 shares changed hands during trading, a decline of 84% from the average session volume of 6,599,211 shares. The stock had previously closed at $4.99.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada cut their price objective on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research report on Monday, February 10th. Barclays raised their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Wells Fargo & Company decreased their price objective on Newell Brands from $7.00 to $6.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group decreased their price target on Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Six investment 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 a consensus price target of $9.14.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands during the 4th quarter valued at about $33,000. Farther Finance Advisors LLC boosted its position in Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after purchasing an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Newell Brands during the 4th quarter worth approximately $46,000. NBC Securities Inc. increased its holdings in shares of Newell Brands by 146,542.9% during the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock valued at $63,000 after purchasing an additional 10,258 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after buying an additional 4,617 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Trading Up 1.5 %

The company's 50-day moving average is $6.11 and its 200 day moving average is $8.22. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -9.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period last year, the firm posted $0.22 earnings per share. Research analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's payout ratio is presently -53.85%.

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.