Brokerages Set Newell Brands Inc. (NASDAQ:NWL) Price Target at $10.00

Shares of Newell Brands Inc. (NASDAQ:NWL) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.20.

Several research analysts recently weighed in on NWL shares. Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $8.00 to $10.00 in a research report on Wednesday, November 20th. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Canaccord Genuity Group raised their price target on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company lifted their price target on shares of Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Newell Brands

Hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of Newell Brands during the second quarter worth $26,000. Quarry LP grew its position in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Newell Brands during the third quarter worth about $70,000. Atomi Financial Group Inc. bought a new position in Newell Brands in the third quarter worth about $79,000. Finally, Claro Advisors LLC bought a new position in Newell Brands in the third quarter worth about $79,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Trading Down 2.1 %

Shares of NWL stock opened at $9.84 on Thursday. Newell Brands has a twelve month low of $5.39 and a twelve month high of $11.78. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -16.40, a PEG ratio of 1.02 and a beta of 0.89. The firm has a 50-day moving average price of $9.78 and a 200 day moving average price of $8.14. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.39 EPS. Newell Brands’s revenue was down 2.6% on a year-over-year basis. Research analysts forecast that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

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.