Newell Brands (NASDAQ:NWL) Shares Down 1.4%

Newell Brands Inc. (NASDAQ:NWL) traded down 1.4% during mid-day trading on Friday . The company traded as low as $7.19 and last traded at $7.20. 190,002 shares traded hands during trading, a decline of 96% from the average session volume of 4,946,197 shares. The stock had previously closed at $7.30.

Analysts Set New Price Targets

NWL has been the topic of a number of research reports. Canaccord Genuity Group boosted their price target on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Barclays raised shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target on the stock in a research report on Tuesday, May 14th. Finally, Wells Fargo & Company increased their price target on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.82.

Newell Brands Trading Up 1.4 %

The business’s 50 day simple moving average is $6.92 and its two-hundred day simple moving average is $7.37. The stock has a market cap of $3.07 billion, a P/E ratio of -10.28, a PEG ratio of 1.47 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.15. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The firm’s revenue was down 7.8% compared to the same quarter last year. As a group, analysts expect that Newell Brands Inc. will post 0.64 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, August 30th. Newell Brands’s dividend payout ratio is currently -38.89%.

Institutional Investors Weigh In On Newell Brands

Several large investors have recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in Newell Brands by 607.6% during the fourth quarter. International Assets Investment Management LLC now owns 19,340 shares of the company’s stock worth $168,000 after purchasing an additional 16,607 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Newell Brands by 14.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,080 shares of the company’s stock valued at $773,000 after acquiring an additional 11,450 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Newell Brands by 45.5% during the 4th quarter. Federated Hermes Inc. now owns 90,511 shares of the company’s stock valued at $786,000 after acquiring an additional 28,320 shares during the period. Signaturefd LLC boosted its stake in Newell Brands by 36.0% during the fourth quarter. Signaturefd LLC now owns 16,656 shares of the company’s stock worth $145,000 after acquiring an additional 4,413 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Newell Brands in the fourth quarter worth $61,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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.