Newell Brands Inc. (NASDAQ:NWL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.25.

Several research analysts have recently commented on NWL shares. JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. UBS Group raised their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th.

Insiders Place Their Bets

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the sale, the chief executive officer directly owned 52,007 shares of the company’s stock, valued at $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.71% of the stock is owned by company insiders.

Institutional Trading of Newell Brands

A number of hedge funds have recently added to or reduced their stakes in NWL. Cooper Creek Partners Management LLC boosted its position in Newell Brands by 48.8% in the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock valued at $140,322,000 after buying an additional 8,526,698 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Newell Brands by 401.2% in the first quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company’s stock valued at $65,382,000 after buying an additional 8,475,385 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Newell Brands by 25.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company’s stock valued at $129,249,000 after buying an additional 4,273,541 shares during the period. Norges Bank acquired a new position in Newell Brands in the second quarter valued at $20,196,000. Finally, Deprince Race & Zollo Inc. increased its stake in Newell Brands by 23.5% in the third quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock valued at $97,835,000 after purchasing an additional 3,549,220 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Down 1.8%

Shares of NWL opened at $5.00 on Wednesday. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78. The firm’s 50 day moving average is $5.46 and its 200-day moving average is $5.43. The stock has a market capitalization of $2.10 billion, a PE ratio of -8.47 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Equities research analysts forecast that Newell Brands will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.6%. Newell Brands’s payout ratio is -47.46%.

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.