Newell Brands (NASDAQ:NWL) PT Raised to $8.00 at Wells Fargo & Company

Newell Brands (NASDAQ:NWL) had its price objective upped by Wells Fargo & Company from $7.00 to $8.00 in a report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also issued reports on NWL. Citigroup boosted their price target on shares of Newell Brands from $7.50 to $8.00 and gave the stock a neutral rating in a research note on Monday. Royal Bank of Canada reduced their target price on shares of Newell Brands from $9.00 to $7.50 and set a sector perform rating on the stock in a report on Monday, February 12th. Raymond James downgraded shares of Newell Brands from an outperform rating to a market perform rating in a research note on Monday, February 12th. Morgan Stanley reduced their price objective on Newell Brands from $8.50 to $7.75 and set an equal weight rating on the stock in a research note on Monday, February 12th. Finally, Canaccord Genuity Group boosted their target price on Newell Brands from $9.00 to $10.00 and gave the stock a buy rating in a research note on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $8.52.

Newell Brands Trading Up 3.3 %

Newell Brands stock opened at $8.05 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. Newell Brands has a fifty-two week low of $6.49 and a fifty-two week high of $12.02. The firm has a 50 day moving average price of $7.49 and a 200 day moving average price of $7.75.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share. Analysts forecast that Newell Brands will post 0.56 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.48%. Newell Brands’s dividend payout ratio is currently -38.89%.

Institutional Investors Weigh In On Newell Brands

Several institutional investors have recently added to or reduced their stakes in NWL. Pzena Investment Management LLC lifted its position in Newell Brands by 4.5% in the third quarter. Pzena Investment Management LLC now owns 54,796,231 shares of the company’s stock valued at $494,810,000 after acquiring an additional 2,373,356 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Newell Brands by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock valued at $389,670,000 after purchasing an additional 739,295 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Newell Brands by 5.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,747,330 shares of the company’s stock worth $119,327,000 after buying an additional 660,347 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Newell Brands by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,623,470 shares of the company’s stock worth $74,855,000 after buying an additional 434,762 shares during the period. Finally, Primecap Management Co. CA lifted its stake in Newell Brands by 35.1% in the fourth quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company’s stock valued at $73,884,000 after buying an additional 2,209,672 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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.