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

Shares of Newell Brands Inc. (NASDAQ:NWL) have received an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.81.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Royal Bank of Canada dropped their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Wells Fargo & Company dropped their target price on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, UBS Group upped their target price 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.

Institutional Investors Weigh In On Newell Brands

A number of hedge funds have recently modified their holdings of NWL. Castlekeep Investment Advisors LLC purchased a new stake in shares of Newell Brands in the fourth quarter valued at about $33,000. Harvest Fund Management Co. Ltd acquired a new position in Newell Brands in the fourth quarter valued at about $46,000. Claro Advisors LLC acquired a new position in Newell Brands in the third quarter valued at about $79,000. Smartleaf Asset Management LLC lifted its position in Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after buying an additional 4,617 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after buying an additional 1,666 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $6.54 on Tuesday. The firm has a market cap of $2.72 billion, a PE ratio of -12.58, a PEG ratio of 0.95 and a beta of 0.88. The firm has a fifty day moving average of $8.06 and a 200 day moving average of $8.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. Newell Brands has a one year low of $5.39 and a one year high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping 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 firm posted $0.22 earnings per share. As a group, research 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 was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio is currently -53.85%.

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.