Brokerages Set Newell Brands Inc. (NASDAQ:NWL) Price Target at $10.81

Shares of Newell Brands Inc. (NASDAQ:NWL) have earned an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.81.

Several research firms have weighed in on NWL. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $17.00 in a report on Monday, December 9th. UBS Group upped their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Citigroup decreased their price objective on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, February 10th.

Newell Brands Price Performance

Shares of NWL stock opened at $6.77 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The company has a market capitalization of $2.82 billion, a PE ratio of -13.02, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The firm’s 50-day moving average is $9.25 and its two-hundred day moving average is $8.63. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period last year, the business posted $0.22 EPS. Analysts predict that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Friday, February 28th. Newell Brands’s dividend payout ratio is presently -53.85%.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. purchased a new position in shares of Newell Brands in the 4th quarter valued at $1,942,000. Forum Financial Management LP purchased a new position in shares of Newell Brands in the 4th quarter valued at $160,000. Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands in the 4th quarter valued at $33,000. Castleark Management LLC purchased a new position in shares of Newell Brands in the 4th quarter valued at $3,758,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Newell Brands by 17.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,148,360 shares of the company’s stock valued at $11,438,000 after buying an additional 170,003 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.