Newell Brands Inc. (NASDAQ:NWL – Get Rating) has earned an average rating of "Moderate Buy" from the nine brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.00.
Several research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Newell Brands from $34.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, September 14th. TheStreet lowered shares of Newell Brands from a "b-" rating to a "c+" rating in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Newell Brands from $21.00 to $17.00 in a research note on Wednesday, September 7th. Barclays decreased their price target on shares of Newell Brands from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, September 12th. Finally, Morgan Stanley dropped their price objective on Newell Brands from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 3rd.
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Insider Transactions at Newell Brands
In other news, Director Courtney Mather sold 50,000 shares of the company's stock in a transaction on Monday, September 12th. The stock was sold at an average price of $18.17, for a total transaction of $908,500.00. Following the transaction, the director now directly owns 10,691 shares of the company's stock, valued at $194,255.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Brett Icahn sold 71,304 shares of the business's stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $16.89, for a total transaction of $1,204,324.56. Following the sale, the director now directly owns 953,003 shares of the company's stock, valued at $16,096,220.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Courtney Mather sold 50,000 shares of the business's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $18.17, for a total transaction of $908,500.00. Following the sale, the director now directly owns 10,691 shares in the company, valued at $194,255.47. The disclosure for this sale can be found here. Insiders own 0.58% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hancock Whitney Corp lifted its position in Newell Brands by 7.4% during the first quarter. Hancock Whitney Corp now owns 57,658 shares of the company's stock valued at $1,235,000 after purchasing an additional 3,966 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Newell Brands by 16.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 62,587 shares of the company's stock valued at $1,384,000 after buying an additional 9,003 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Newell Brands in the first quarter valued at $70,000. Massachusetts Financial Services Co. MA increased its holdings in Newell Brands by 1.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,765,406 shares of the company's stock valued at $166,257,000 after buying an additional 143,844 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Newell Brands by 7.7% in the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 48,160 shares of the company's stock valued at $1,031,000 after buying an additional 3,423 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.
Newell Brands Trading Down 3.2 %
Shares of NWL opened at $13.97 on Friday. The company's fifty day moving average is $18.53 and its 200 day moving average is $20.20. Newell Brands has a fifty-two week low of $13.73 and a fifty-two week high of $26.45. The stock has a market capitalization of $5.78 billion, a PE ratio of 8.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 1.03.
Newell Brands (NASDAQ:NWL – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.47 by $0.10. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.54 billion. Newell Brands had a net margin of 6.89% and a return on equity of 19.96%. Newell Brands's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share. Sell-side analysts expect that Newell Brands will post 1.63 earnings per share for the current fiscal year.
Newell Brands Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend was Tuesday, August 30th. Newell Brands's payout ratio is presently 54.12%.
Newell Brands Company Profile
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Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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