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 brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.7222.

A number of brokerages recently weighed in on NWL. UBS Group decreased their price target on shares of Newell Brands from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, December 2nd. Morgan Stanley reiterated a “hold” rating and issued a $4.25 target price on shares of Newell Brands in a research note on Monday, November 3rd. Citigroup boosted their price target on Newell Brands from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Finally, Canaccord Genuity Group dropped their price objective on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd.

Institutional Trading of Newell Brands

Several large investors have recently modified their holdings of NWL. Cooper Creek Partners Management LLC lifted its stake in shares of 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 worth $140,322,000 after acquiring an additional 8,526,698 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Newell Brands by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,765,031 shares of the company’s stock valued at $108,809,000 after purchasing an additional 172,854 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Newell Brands by 23.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock valued at $97,835,000 after buying an additional 3,549,220 shares during the last quarter. Primecap Management Co. CA grew its position in shares of Newell Brands by 3.3% during the second quarter. Primecap Management Co. CA now owns 14,972,100 shares of the company’s stock worth $80,849,000 after buying an additional 474,070 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Newell Brands by 3.4% in the second quarter. State Street Corp now owns 14,568,603 shares of the company’s stock worth $78,670,000 after buying an additional 474,995 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Trading Up 1.7%

NASDAQ NWL opened at $4.21 on Monday. The company has a market cap of $1.76 billion, a P/E ratio of -70.15 and a beta of 0.89. Newell Brands has a 12 month low of $3.07 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.57. The company has a 50-day moving average of $3.60 and a 200-day moving average of $4.82.

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

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.28 annualized dividend and a yield of 6.7%. Newell Brands’s payout ratio is -466.67%.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.