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

Shares of Newell Brands Inc. (NASDAQ:NWL) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.8611.

Several research analysts have weighed in on NWL shares. JPMorgan Chase & Co. cut their price target on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Canaccord Genuity Group dropped their target price on Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada reduced their target price on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Morgan Stanley restated a “hold” rating and issued a $4.25 price target on shares of Newell Brands in a report on Monday, November 3rd. Finally, Citigroup dropped their price objective on shares of Newell Brands from $5.50 to $3.50 and set a “neutral” rating for the company in a research note on Monday, November 3rd.

Hedge Funds Weigh In On Newell Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System lifted its position in shares of Newell Brands by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 145,712 shares of the company’s stock worth $787,000 after purchasing an additional 1,738 shares in the last quarter. Uhlmann Price Securities LLC increased its stake in Newell Brands by 0.9% during the 2nd quarter. Uhlmann Price Securities LLC now owns 229,198 shares of the company’s stock worth $1,238,000 after buying an additional 1,955 shares during the period. Pingora Partners LLC lifted its holdings in Newell Brands by 3.1% in the 1st quarter. Pingora Partners LLC now owns 66,224 shares of the company’s stock worth $411,000 after buying an additional 2,000 shares in the last quarter. California State Teachers Retirement System boosted its position in Newell Brands by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock valued at $2,078,000 after buying an additional 2,108 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Newell Brands by 19.6% during the second quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock valued at $76,000 after acquiring an additional 2,308 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Up 3.4%

Newell Brands stock opened at $3.34 on Friday. The stock’s 50 day moving average price is $4.55 and its 200 day moving average price is $5.25. Newell Brands has a 1-year low of $3.07 and a 1-year high of $11.78. The company has a market cap of $1.40 billion, a PE ratio of -55.66 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. On average, sell-side analysts predict that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Friday, November 28th. Newell Brands’s dividend payout ratio (DPR) is -466.67%.

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.