Newell Brands (NASDAQ:NWL) PT Raised to $10.00

Newell Brands (NASDAQ:NWL) had its price target boosted by Canaccord Genuity Group from $9.00 to $10.00 in a report issued on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently issued reports on NWL. Raymond James downgraded shares of Newell Brands from an outperform rating to a market perform rating in a report on Monday, February 12th. Citigroup lowered their price target on shares of Newell Brands from $9.00 to $7.50 and set a neutral rating for the company in a report on Monday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Newell Brands from $7.00 to $9.00 and gave the stock a neutral rating in a report on Tuesday, January 9th. Morgan Stanley reduced their price objective on shares of Newell Brands from $8.50 to $7.75 and set an equal weight rating on the stock in a research note on Monday, February 12th. Finally, Barclays boosted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an underweight rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Newell Brands currently has a consensus rating of Hold and a consensus price target of $8.52.

Newell Brands Stock Up 3.3 %

NASDAQ NWL opened at $8.05 on Monday. Newell Brands has a 1-year low of $6.49 and a 1-year high of $12.02. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average of $7.49 and a 200-day moving average of $7.75.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned ($0.06) earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that Newell Brands will post 0.56 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 3.48%. Newell Brands’s dividend payout ratio (DPR) is currently -38.89%.

Institutional Trading of Newell Brands

A number of institutional investors have recently bought and sold shares of NWL. FMR LLC boosted its position in Newell Brands by 481.6% during the third quarter. FMR LLC now owns 5,406,274 shares of the company’s stock valued at $48,819,000 after acquiring an additional 4,476,644 shares during the last quarter. Norges Bank bought a new stake in Newell Brands during the fourth quarter valued at $32,781,000. Pzena Investment Management LLC boosted its position in Newell Brands by 4.5% during the third quarter. Pzena Investment Management LLC now owns 54,796,231 shares of the company’s stock valued at $494,810,000 after acquiring an additional 2,373,356 shares during the last quarter. Primecap Management Co. CA boosted its position in Newell Brands by 35.1% during the fourth quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company’s stock valued at $73,884,000 after acquiring an additional 2,209,672 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Newell Brands by 368.3% during the third quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company’s stock valued at $18,298,000 after acquiring an additional 1,593,661 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

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.