Newell Brands Inc. (NASDAQ:NWL) Given Average Rating of “Hold” by Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.14.

Several brokerages have recently commented on NWL. Citigroup lowered their price objective on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada dropped their price objective on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. UBS Group reduced their target price on Newell Brands from $8.00 to $5.50 and set a “neutral” rating on the stock in a research note on Thursday. Barclays raised their price target on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, April 11th.

Newell Brands Trading Up 1.5 %

Shares of NWL stock opened at $4.70 on Friday. The business has a 50-day moving average of $6.11 and a 200 day moving average of $8.21. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. Newell Brands has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a market capitalization of $1.96 billion, a PE ratio of -9.04, a P/E/G ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $0.22 earnings per share. As a group, sell-side analysts anticipate that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 5.96%. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

Institutional Investors Weigh In On Newell Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its position in shares of Newell Brands by 233.6% in the 4th quarter. FMR LLC now owns 14,527,609 shares of the company’s stock worth $144,695,000 after purchasing an additional 10,172,696 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Newell Brands in the fourth quarter worth $72,431,000. Norges Bank purchased a new stake in shares of Newell Brands in the fourth quarter worth $37,174,000. Dimensional Fund Advisors LP increased its holdings in shares of Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company’s stock valued at $180,172,000 after acquiring an additional 3,188,718 shares in the last quarter. Finally, FIL Ltd raised its position in shares of Newell Brands by 109.2% in the 4th quarter. FIL Ltd now owns 5,720,884 shares of the company’s stock worth $56,980,000 after purchasing an additional 2,986,426 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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.